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Gold/Mining/Energy : Canadian Oil & Gas Companies

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To: Kerm Yerman who wrote (4321)12/14/1997 5:47:00 PM
From: Dav!d  Read Replies (2) of 24907
 
Hello Kerm,

I cannot wait to see your report on Granger. I really like this stock and expect a good year out of them. Management owns aprrox 30% of the 5 million shares outstanding (not including most recent pp).
They will be drilling some high priority wells this year which should only add to their approx. 1000 boepd. I think expected cash flow for 1998 is $0.70 which should equate to a $3.00 stock. I hope so.

ASIDE: I stopped looking at Tethy's when it soared over $3.00 a few months ago and am quite shocked that it's at $2.00 again. I believe they were going to buy Mercury Energy? This must be due to tax loss selling! Also, I was looking through Kerm's Korner and noticed that Gordon put out a buy recommendation on OGY in Nov. Have you checked out this company? The management is impressive and Northstar owns 6% shares outstanding with management owning 25%. They are producing around 1500 boepd and they will be drilling a lot of wells in 1998.

I know I'm asking a lot, but I really respect your knowledge on these oil/gas stocks. Although, I prefer the riskier plays.

david
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