Oil & Gas Price Economics Message Board

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Gold/Mining/Energy : Oil & Gas Price Economics

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To: Dnorman who wrote (20)	1/24/1999 9:43:00 PM
From: Ed Ajootian	Read Replies (1) of 350

Dennis, The best play is in gas stocks at this time IMO. Gas has dipped down to the $1.80 mark solely due to short-term seasonal factors and it will only be a couple of months before it is comfortably over $2 again. Right now my favorite stock exploring for gas is Benz Energy (BZG on the VSE). They have recently undergone a significant restructuring and have been able to put a huge dent in their debt. So now they are in a good shape to survive. Huge leverage to increases in nat. gas. prices. Debt is 3 x mkt. cap. of stock. They are a few weeks away from getting to positive cash flow.

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