Berkley Petroleum: Non Junior TV Play Message Board

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Gold/Mining/Energy : Berkley Petroleum: Non Junior TV Play

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To: Bearcatbob who started this subject	11/17/2000 6:12:40 PM
From: SofaSpud	Read Replies (1) of 200

Dundee Securities lowered their target to $10 with an accumulate rating, saying that a take-over is the most likely way "value" will be realized. Sprott crapped on BKP from on high: "Despite the fact that Berkley has been in a "show me" position for a long time, even our conservative estimates prove to be too aggressive." Ouch, but true. Has anyone spent time crunching the numbers? My take is that they're talking about an exit rate north of 33kboe/d, whereas 15% growth over 28.5k is a lower number. Doesn't make sense to me.

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