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

To: GVTucker who wrote (7084)	2/3/2000 4:59:00 PM
From: SofaSpud	Read Replies (1) \| Respond to of 24925

GVT / Berkley Looks like analysts are being guided. I saw the Sprott report. Exit rate in 1999 was 32,000 boe/d including SYO. Decline rate assumed to be 22%. Capex bud. for '00 at $350 mil., assumption that they can average 36,000 boe/d by adding production at $18,800/boed (vs. $22,000-$24,000 over last 4 qrtrs). Bottom line is that production estimates, and consequently CF ests., have been reduced (Sprott is using $1.79, vs. their previous $1.97).