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

To: Claude Cormier who wrote (6944)	11/17/1999 2:35:00 PM
From: Syncrude	Read Replies (1) \| Respond to of 24920

Claude, This is like asking YOU what the best gold stock investment is. You would likely respond that it depends on your risk tolerance, objectives, if you want "blue chip", exploration, etc. The same with oil and gas. If you qualify your question somewhat, then maybe some more knowledgeable people on this forum might come up with a few suggestions to look at. For example, are you looking strictly for an oil stock or a oil&gas stock. Domestic or overseas? Highly leveraged or not (debt wise)? Small cap or big cap?

To: Claude Cormier who wrote (6944)	11/17/1999 2:47:00 PM
From: johnlag	Read Replies (1) \| Respond to of 24920

Claude / Investment <<one best O&G investment to participate in the next 2-3 months.>> Depending on your risk tolerance, any one of the companies involved in the East Lost Hills play could offer some massive appreciation in the coming months... elandjennings.com Cheers, and happy investing. John

To: Claude Cormier who wrote (6944)	11/17/1999 3:51:00 PM
From: Richard Saunders	Read Replies (3) \| Respond to of 24920

claude/ "one best O&G investment"? Sounds like you're looking for the same thing everyone on the rest of this thread is trying to find too. Purely personal opinion and some of it has come thru tuition uglies. IF you're trying just to pick the "one" situation then you're probably better off going with something like an energy-based mutual fund. Thing that seems to be consistent with these cdn. oil stocks is that it often helps if you take the basket approach and go for 6 - 10 situations. A couple will probably flame-out for whatever reason, most will do whatever the overall O&G index does and HOPEFULLY a couple will end up by making solid impact on the upside. Overall it those couple of homeruns that will make your basket look quite good. Most recent stock I've bo't was Merit (MEL-tse at $1.15) and most recent stock sold (too early?) was Ascot (AER-ase at $0.29). Happy hunting.

To: Claude Cormier who wrote (6944)	11/17/1999 10:36:00 PM
From: kingfisher	Read Replies (1) \| Respond to of 24920

Claude just want to add one thing if you are considering an oil and gas investment.Once you have narrowed your picks call up the companies and ask them what percentage of their production is hedged and for how long and what price. Many major companies and some small ones made some big bou bou's by hedging some production at $16.75 a barrel!Some hedging of gas took place at $2.25 mcf. With oil at $26 today those companies are forsaken millions of dollars in lost income. Richard

To: Claude Cormier who wrote (6944)	11/19/1999 9:06:00 AM
From: Craig C	Read Replies (1) \| Respond to of 24920

Claude Why don't you look at a long term horizon (>3 yrs). Take your money and just aquire a oil/gas company as many are on sale today.Your investment may take less than 3 yrs to return your capital. One company who once again was a analyst favorite is looking for a lifeline. Production is 8,000 BOED and it comes with lots of land. Lets not talk about reserves in place because oil comp's have lost a lot of credibility in this department. But for around 140 million you can purchase this comp for around $17,500 a flowing barrel. After you pay your expenses ect say you net back $10 can on every barrel your payout is 4.6 yrs. If you net back $15 you pay out in 3.2 yrs.. Once you buy this company take the company public announce you will sell your oil via the internet call your company oil.net and your pay back on your investment will be less a day. good luck....conclusion lots of cheap stocks out there but does the market care ?