Canadian Oil & Gas Companies Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Canadian Oil & Gas Companies

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Richard Saunders who wrote (832)	11/4/1996 1:03:00 AM
From: Kerm Yerman	of 24937

Richard / Limelight Absolutely right on the button. Of the companies mentioned, I follow Berkley and Chieftain. I like both of these success stories. However, would I invest in them at this time is another question. Chieftain is a maybe, Berkley is a definite not. On each of the mentioned, I like Cheiftain due to their area of operations and the prices they will be realizing for natural gas. Also, they don't have any debt. At $30.00/share, one would be paying 120 X estimate EPS for fiscal 1996 and about 8X CFS. Berkley shares have just absolutely skyrocketed. It bothers me a little that I had a few thousand shares I picked up at $3.90 and sold between $9-10.00, thinking I had made a hit here. In my wildest expectations, I didn't see it going up to slightly over $30.00 share, which of course it has. I believe this is the Chicago based mutual fund I posted about Berkley being one holding they really liked and shares were about $24.00 at the time. In my opinion, it will take a good amount of time before EPS and CFS catches up to justify current share price. I would like to know at what levels the fund bought into these companies.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next