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Gold/Mining/Energy : Centurion Energy Intl Inc
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To: hankaaron who wrote (212)9/7/2000 9:09:31 AM
From: Dan Hamilton   of 350
 
During the last year many juniors have been trading closer to 2 or 2.5 times cash flow. But I think the market is finally believing that higher oil prices are here for the foreseeable future. So a return to 4 or 5 times cash flow is likely. Add in an upside surprise from the Al-Manzah testing, and we certainly could see the last of the sub-$1 level in the next little while. Certainly yesterday's volume indicates something is up.
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