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Gold/Mining/Energy : Strictly: Drilling and oil-field services -- Ignore unavailable to you. Want to Upgrade?

To: Think4Yourself who wrote (50283)	9/2/1999 10:02:00 AM
From: SliderOnTheBlack	Read Replies (4) \| Respond to of 95453

Drillers & some Nat Gas Price - ''gossip'' from the frontlines fwiw... OKay; this is the Strictly Drilling thread.... I am laying in the weeds; simply waiting for a pop in RRC - hopefully I get a pop at the end of Sept on the JV closing & we see one final pull back in the OSX. I want B A D L Y to buy FLC ''calls'' and am looking at PDE as well. fwiw - imho; these are the 2 best plays upsidewise... If there is a ''Boom 2000'' (an unofficial Big Dog tm) then FLC ''HAS" to be the single stock with the most upside price appreciation and it will be my first stop and I will be a ''call option'' buyer - strongly so; if the ''dirty bird'' see's the $11's ever again...... FLC will be a $30 stock again if we see 150 rigs at work in the GOM - guaranteed ! KEG - certainly gets my attention; I love that marketshare in their niche - they own the early recovery stage of the Oilpatch - all of these workovers etc... Nat Gas onshore service & drilling will move up steadilly here; BUT - as I have not done any ''DD" on this; Bull - others; give me some numbers - revenue increases - support your targets with past numbers from the prior boom etc. - and show me how using standard sector multiples - mainly PE's; that KEG can be supported again at $8 -10-12 given the dilution... how do they get to $ .75 -$1.00 eps given their outstanding shares - can they ? At what PE multiple were they valued in the last boom - what was their eps etc... thanks PS - a contact in the Utility bizz - states his opinion; that Utilities & end users are strongly trying to ''talk down'' Nat Gas here..... they do not want to be forced to be buying to meet early initial demand in Oct. Nov. at $3.00 + then need to fill for the actual peak winter drawdown at what very, very. very easily could be peaks way over $3.00.... his quote. PS end users have a strong vested interest to be shorting Gas here to keep prices capped.... their fear is a speculative run up - that will kill them - as they have to buy for heating season draws from present storage. ... any reaction in nat gas stocks - is a strong buying opp here... watching OEI, XTO, CRK and for a good pullback in HSE if seen.

To: Think4Yourself who wrote (50283)	9/2/1999 11:44:00 AM
From: Think4Yourself	Read Replies (1) \| Respond to of 95453

Re EEE: Free penny stock anyone? I got my position before news came out - this is just a pleasant surprise for me. Thursday September 2, 10:41 am Eastern Time Company Press Release Canadian 88 Energy Corp. to Dividend Holdings in Prize Energy Inc. CALGARY, ALBERTA--(BUSINESS WIRE)--Sept. 2, 1999--Canadian 88 Energy Corp., (TSE:EEE. - news; Alberta Stock Exchange:EEE. - news; AMEX:EEE - news) announced in Calgary today that Canadian 88 will pay a dividend to its shareholders in the form of its current shareholdings of Prize Energy Inc. (``Prize'). Canadian 88 currently owns 20,887,800 common shares (45.3 percent) of Prize, all of which will be included in the dividend. Based on the current outstanding shares of Canadian 88 Energy Corp., one share of Prize will be distributed for each 5.1 shares held of Canadian 88. Subject to receipt of the necessary regulatory approvals, the dividend will be distributed on October 1, 1999 to shareholders of record September 24, 1999. Prize Energy Inc. (PZI) is an independent public oil and gas company with its head office in Calgary, Alberta Canada. The shares of Prize Energy Inc. are traded on The Alberta Stock Exchange. Canadian 88 Energy Corp. (EEE) is an independent public oil and gas company with its head office in Calgary, Alberta Canada. The Shares of Canadian 88 Energy Corp. are traded on the Toronto, Alberta and American Stock Exchanges. The information contained herein has been neither approved nor disapproved by The Alberta Stock Exchange. -------------------------------------------------------------------------------- Contact: Canadian 88 Energy Corp. Robert Pilling, 403/974-8800 403/974-8811 (FAX)