Market Gems:Stocks w/Strong Earnings and High Tech. Rank Message Board

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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank

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To: lizard lick who wrote (21619)	1/10/1999 12:42:00 AM
From: mr.mark	Read Replies (2) of 120523

okay, i just located this, lizard. i could post the whole darn article, but it's way long. here's the excerpt from the barron's article by sandra ward, called gems in ruin... Q: Any other names? A: I have three more. One is Ocean Energy, which is merging with Seagull Energy. In the past few months we've overweighted energy stocks, particularly natural gas, but oil's cheap too. U.S. natural-gas production is slipping at the same time the industry is experiencing secular growth in the 2%-3% range. That should provide price support. Ocean Energy has tremendous exploration activities in West Africa and great acreage. Seagull gives them natural- gas reserves. Cash flow is about $2.60 a share. It's not just an asset play; its operations are close to breakeven, and the merger gives them big cost savings. don't know if that is what you are after. just thought i'd try to help. good luck, mark

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