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Gold/Mining/Energy : Canadian Oil & Gas Companies

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To: Kerm Yerman who wrote (3745)	9/24/1997 5:24:00 PM
From: fivedollar	of 24939

As you can see Master Downhole Canada Inc's earnings were out today. Much better than I had anticipated, do you have any comments? The actual net earnings per share number is $0.08. After giving what I feel is a bottom end multiple of 15 we should still see another $0.50 tacked on to the price of the stock. NQL.A trades at 25 times + earnings. Do you feel that Master Downhole is still undervalued based on the numbers posted? Am I missing something?

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