Belair Energy Corp. (ASE:BEC) Message Board

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Gold/Mining/Energy : Belair Energy Corp. (ASE:BEC)

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To: oilmaster who wrote (128)	11/28/2000 10:07:40 PM
From: John Trudeau	Read Replies (1) of 140

Oilmaster... kinda disappointing to say the least. The price of the commodity has doubled, the number of their shares has also doubled, debt has tripled, production is essentially flat, and they've drilled 25+ wells this year. Bottom line: They've spent a bunch of money, diluted the stock, drilled a bunch of wells, and what do we have to show for it? I'm lowering my target to $2.40 for 2000 (.80 CF per share... fully diluted x a multiple of 3). I will be contemplating a reasonable target for 2001... I believe production will be much better in the 4th 1/4, but my confidence in the Co's long term prospects has been shaken. Good luck, JT

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