Hello Claude, This is what I've been Buying as far as jrs. Goes. On the Nat. Gas Side......
1. CMT, about 2.5X Cash Flow, Producing over 15,000 BOE/D, over 95% in NG, Very min. hedge in Place, Exceptionally good Management in place (Past Winners). Hooker property is turning out to be a huge find. Will exit 2000 with over 17,000 BOE/D. Do the math on this one!
2. EEE, (Like CMT over 95% in NG) hedge comes off haloween, Great U.S. exposure (AMEX). Strong new Management in Place and Duke Energy as a Sugar Daddy to Boot.
3. TGX, All into NG, Strong Management
4. BAU, Company is up for sale and Will be sold for over $2.50. This will be the turn around story in the patch next year. Mgt is doing the right thing at the right time.
On the Oily Side
1. URC, All Oil (over 4400 BOD). Cash flow at about 2X. Tightly held Stock.
2. TET, About 60/40 Split between Oil and Gas. Trading at about 3X Cash Currently. In the next two Qtrs some very good wells coming on stream.
3. MGY, also 60/40 Split, Over the next year that will change to a 60/40 Split in the N.G. Favor ( All Drilling this year is NG related. Copton will come on line 4th Qtr. These guys are spend the Cash wisely.
Do some DD and Tell me what you think.
fIXER |
