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Gold/Mining/Energy : TS TELECOM (www.tstelecom.com): ASPIRING TELECO

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To: John Trudeau who wrote (1594)9/27/2000 2:17:20 PM
From: John Trudeau  Read Replies (1) of 1762
 
Off topic: I've updated my year end target price for BEC.

I'm moving my target price from $5.00 down to $3.20 by year end. Basically, the Co. is not meeting (my) production expectations and has sold 350 boepd of their production at what I see (only an opinion) at an unusually low price (approximately $10,000 / bbl /per day).

So, new forecast: .... ~.80 CF for 2000 (down from $1), and a CF multiple of 4 (down from 5)....=> 4 x .8 = $3.20 by December 31, 2000.

Considering current level of $2.30 +- .10, there's a realistic expectation of +40% return by year end.

That's all for now.

JT
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