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Gold/Mining/Energy : Canadian Oil & Gas Companies

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To: Keith Utz who wrote (4281)	12/7/1997 6:51:00 AM
From: Kerm Yerman	Read Replies (2) of 24905

Keith / Upton Resources - Remington Energy Both companies are good buys. We have two different cash flow situations here. Remington is a high impact play company whose cash flow would appear high at this time, but not if you begin to look at 1998 and 1999 forecast's and related cash flows based on todays share price. Their recent discovery provides even greater potential than their Stoddard play which drove the price to almost $40.00 earlier this year. I just looked for some cash flow and price to cash flow numbers, but have misplaced the info. They are here somewhere and when I find them, I will report them to you. Upton still has high impact acreage left from the Shell deal, but at this time -- I don't see it being a factor in their share price potential over the near term. The company has refocused their drilling plays to involve their bread and butter properties and will benefit with growth from these areas. Accumilating shares under $4.00 should present you an attractive return on investment over the coming 12 month period.

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