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Gold/Mining/Energy : Canadian Oil & Gas Companies

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To: SofaSpud who wrote (265)9/30/1996 7:09:00 PM
From: Kerm Yerman   of 24933
 
David/Barrington&Genesis

You're right, I thought we lost you immediately after your initial
posting. I was particularly interested in you because you mentioned
one of my favorites, Barrington Petroleum.

For six months ending June30, oil and gas revenue has doubled
and cash flow amounted to $0.40/share of which $0.28 was
generated in 2nd quarter. At the halfway mark, gas production
has already exceeded that forecasted for whole year. Shares
are cheap if you're looking at 96 cash flow and downright cheap
if you're looking at 97 cash flow. I definitely think Barrington is a
strong buy. Be there no mistake about it, Barrington is breaking
out of a narrow trading range based upon merit, not because it is
following market sector.

Genesis Exploration is the one that got away from me. It has
enjoyed a great run thus far this year. I think there is still some
life left in share appreciation based upon their growth and on total
shares outstanding. Continued success will take price upward.

Follow Post Energy only a little, primarily news releases. If you like
Barrington and Genesis, I think you would like Newport Petroleum,
Richland Petroleum and Truax Resources. It might be worthwhile
to research them.
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