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Gold/Mining/Energy : Canadian Oil & Gas Companies -- Ignore unavailable to you. Want to Upgrade?

To: Goldberry who wrote (6728)	8/18/1999 10:09:00 AM
From: kingfisher	Read Replies (2) \| Respond to of 24920

Graham, Tusk,Symmetry,Scorpion Energy are all small cap juniors trading at 3.5 times or less current annualized cash flow.All have good drilling prospects.All have potential to increase in value by 50% to 100% within 1 year.But it all depends on if these companies respective management can execute their game plan.They will be unable to blame falling energy prices if they fail IMHO. Best Regards, Richard

To: Goldberry who wrote (6728)	8/18/1999 4:28:00 PM
From: mike smith	Read Replies (4) \| Respond to of 24920

If you are looking at adding a bunch of junior oil and gas companies to your investment "basket" have a look at the list of companies researched by the folks at www.oilesp.com . Personally, I like gas-levered companies that as yet have not really taken off. I prefer to stay away from oil stocks due to the price volatality caused by the amount of influence suppliers outside of North America have. Gas, on the other hand is governed by supply and demand fundamentals inside of North America of which we have a much better understanding. Two junior companies I feel are currently undervalued based on current year's and next year's cash flow are Calahoo (75% gas and trading at 4x 1999 cash flow and only 2.5x 2000 cash flow) and Founders Energy (mostly medium to heavy oil trading at only 2x 1999 cash flow ). Mike