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Gold/Mining/Energy : Undervalued Oil stocks, submit your picks -- Ignore unavailable to you. Want to Upgrade?

To: bill who wrote (16)	7/14/1999 1:33:00 AM
From: CIMA	Respond to of 22

In general I agree with you. However, a junior exploration company with a small float which hits big on a project like EKHO will likely have significant upside on a fundamental basis regardless of the price of oil IMO. That's of course assuming the price of oil stays over $10.

To: bill who wrote (16)	7/18/1999 8:05:00 PM
From: Scott Mc	Read Replies (1) \| Respond to of 22

Bill, how much of the firming up of prices is due to things in the far east improving? I also would think that the producers would be scared shitless to increase production, after all they were getting $10 a barrel not that long ago, now they are getting twice as much for who knows 95% of what they were selling before..... Must say it is a wild card, guess that is why Oils seem so so cheap, I used to use a rule of thumb for a junior of 45mil share X 10K production = $6 per share , now just about every junior trades at 50% of that price.... My current picks are MXP,MGY Scott