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

To: SofaSpud who wrote (7120)	2/16/2000 6:53:00 PM
From: Fuller	Respond to of 24921

Did any one notice that RTA and KVL both traded large blocks of stocks on Feb 15 . Today they both shot up in response to the large trades. Has anyone noticed any other Co. trading large blocks lately.

To: SofaSpud who wrote (7120)	2/16/2000 10:41:00 PM
From: kingfisher	Read Replies (3) \| Respond to of 24921

Magin Energy MGY. A very well respected individual in oil patch brought this stock to my attention.I have done my d.d. on this one and am impressed at how cheap it is. Trading at $2.30,forecast cashflow for 2000 is $1.26 a share assuming oil at $20 and gas at $2.75. Debt about 1.6 x cash flow. Forecast to produce over 10,000 boe per day.36 million shares outstanding. No significant hedges.Very well balanced mix of production between oil and gas. Net asset value per share estimated at $5 discounted at 10%. Share buyback in effect and will be renewed in April. This stock should be trading in the $4.25 range. It is oversold IMHO.Must have got unfairly caught in the downdraft after a few companies revealed significant reserve adjustments. I have not yet completed accumulating my 100,000 share position in it yet but being the nice guy that I am figured I would let the thread in on it first.(LOL)