Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: SliderOnTheBlack who wrote (59592)	2/2/2000 6:00:00 PM
From: BigBull	Read Replies (1) \| Respond to of 95453

Slider, still got your PGO? So, did they bag the Elephant today? biz.yahoo.com Sounds like a big 'un to me.

To: SliderOnTheBlack who wrote (59592)	2/3/2000 12:55:00 AM
From: Razorbak	Read Replies (1) \| Respond to of 95453

Why BSNX? Hey, guys, why all the interest in Basin Exploration? I took a quick look and couldn't find anything really compelling relative to other super value plays in the patch (e.g., XTO). EPS estimates for 2000 seem to be running about a buck a share +/-. That puts the forward P/E ratio at around 11. Not bad, but no table-pounder either. Plus both working capital (i.e., CA - CL) and free cash flow (i.e., OCF - capex) for Q3 were negative at <$5MM> and <$25MM>, respectively. Granted, Q4 will be much better, given current commodity price levels, but the Q3 numbers can't simply be ignored. Finally, the chart doesn't present a very compelling story either. What am I missing here? I'm sure there is a positive side to this story, but I can't see it yet. Hopefully you bulls will quickly enlighten me. :) Thanks in advance. I'm currently neutral on BSNX, but this discussion has piqued my curiosity. Razor