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Gold/Mining/Energy : Canadian Oil & Gas Companies

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To: Kerm Yerman who wrote (5571)11/13/1998 5:41:00 PM
From: Darwyn Petras  Read Replies (1) of 24925
 
Third Quarter Report / Startech Energy

Kerm with respect to your post on SEH Third Quarter numbers on the Korner do you have an opinion on the stock ? Given its production split of oil / gas the numbers don't seem that bad. If it knocks off a $ 1.00 CFPS for the year what kind of multiple could we expect for this type of play. While production growth is impressive at 32%, 3rd Q y/y it seems that production growth will drop off in 1999 as drilling activity is funded entirely from cashflow. A positive seems to be the company is living within their means given oil price environment.

Appreciate your new slant on reporting media reports on the energy industry.
Thanks in advance.

Darwyn
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