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Gold/Mining/Energy : Petrokazakhstan Inc.

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To: pz who wrote (1659)5/17/2001 1:27:08 PM
From: Thomas Kelly  Read Replies (1) of 2357
 
Pz;
Encouraging numbers. Is there any reason why you have used only a p/e multiple of 4? I would hope if the street saw such a huge improvement HHL would be rewarded with a multiple significantly closer to that of other integrated oils, which I think are up near 20. Even an 8 or 10 would not seem to do the company justice, but I would certainly not complain at that.

Tom
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