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Gold/Mining/Energy : Keywest Energy Corp. KWE Toronto -- Ignore unavailable to you. Want to Upgrade?


To: knight who wrote (76)1/26/2000 10:41:00 PM
From: Tommy Moore  Respond to of 103
 
I actually have never owned the company. My wife however
has a swack of shares in her RRSP account.
KWE has been a past favorite of Kaiser and his most recent mention of the company says that it is still on track to be a Jordan Petroleum clone. Calls for a 6 buck price tag over the next few years. That of course seems like a long time in the age of .coms where companies boast charts that look like an ascent on Everest. We are in bunny hill territory. Nice steady, almost imperceptible incline.
The rise in oil pricing I think came 6 mths too early for the KWE master plan. Who knows what further firesale purchases could have been arranged. As it was OPEC supplied enough hope to some of the target companies that they were able to ignore Key West when they came calling with an open cheque book. Still a million in monthly cashflow can finance a fair amount of drilling with out dilution or debt. They do have a large line of credit pre-arranged in case a deal crosses their doorstep
The latest financial numbers available at the KWE web page are excellent.



To: knight who wrote (76)1/26/2000 11:34:00 PM
From: coolslug  Read Replies (1) | Respond to of 103
 
I bought more today even though KWE has not been one of my money makers for my portfolio lately. I have my share of tech stocks and I agree that they sure do perform but I believe in diversification. KeyWest is a sure thing and as a long term investment it has it's place in my group of stocks. IMHO, I say now is the time to accumulate this sweetheart of a stock while it's selling at these undervalued prices. With oil and gas prices remaining high I look forward the the next financials to come out and surprise us all.