Strictly: Oil and Gas Exploration 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 : Strictly: Oil and Gas Exploration Companies

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: PuddleGlum who wrote ()	8/4/1998 1:19:00 AM
From: SliderOnTheBlack	of 318

Here's a little info on FEN - anyone follow them ? I thought maybe the contributors could post a little personal ''mini-review'' on 1 or 2 stocks they are either watching or have bought. Not wild-hype, but just an overview so that others may have a starting point in which to do research... I know I would like this, as a lot of the smaller caps are not household names to most people. I personally would also welcome alternative selection suggestions, if you know of a similar niche company or just do a follow up post explaining any weakness or downside I may have missed... FEN: Force Energy NYSE closed @ $11 1/8 A small $325 Million cap company , with very high upside potential due to a potential ''monster'' Australian find. The strike ''could'' be worth billions of dollars according to their CEO. They are doing 20 exploratory wells at a cost of $500-600,000 each and a $150 Million dollar pipeline is planed. The CEO expects to have a definitive answer in 12 months on the project. Without the Australian find analysts have set target prices of $30-$35. They are having success in the Gulf of Mexico & use Seismic technology extensively ( doesn't everyone?) and have a nice find working in Alaska which may double oil production. Original IPO was at $10 1/2 in 1993 and the stock has traded consistantly in a range of $25-$35 from Oct 1996 to this past April/May. So we have substantial upside - basically a double or triple just returning to normal trading ranges without increased valuations from new finds or upside earnings surprises. 1998 EPS is - .10 & 1999 EPS est @ + .55cents. DLJ has a Top BUY on FEN. Institutions hold 69.% interest - so between the CEO who is a table pounder and high institutional ownership; this could fly off the Australian news.Downside is high debt, but they have an exceptionally strong drilling program going with one of the biggest positive increases in cash flow projected by First Call. Limited downside due to historic trading range and exceptional upside potential in their Australian properties and strong cash flow increases from the GOM & Alaska.. comments ?

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next