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

To: Buckey who wrote (7129)	2/17/2000 11:20:00 PM
From: kingfisher	Read Replies (1) \| Respond to of 24921

That is interesting.Hope it works out for you.

To: Buckey who wrote (7129)	2/23/2000 6:13:00 PM
From: Len Hynes	Read Replies (1) \| Respond to of 24921

Hi Buckey; I believe I saw somewhere that you once followed Gentry...the company now appears poised to move forward with exceptional production and revenue growth.In the last week or so, the share price and volume is showing signs of once again being ready to move.Here is a post I placed on the Gentry thread that helps give some insight of what might be happening. Good to see Gentry start to move again.If there is one seriously undervalued junior out there in the oil patch, then this is the company.Recent buying interest in Gentry tells methat something "is cookin" behind the scenes.At the same time, we should soon see official release of production revenues for 1999.This excerpt from a recent NR shows us than we can expect a banner year for 1999: The success of Gentry's drilling programs have the Company estimating 1999 exit rates of 1,090 boe (barrels of oil equivalent) per day, comprised of 2.1 million cubic feet per day of natural gas and 880 barrels per day of oil and liquids. This 72% increase in production, up from an exit rate of 632 boe per day in 1998, will enable Gentry to report record production revenues of approximately $6.5 million and approximately $1.9 million ($0.10 per share) for cash flow. Additionally, for the current year,production revenues-using a modest $20.50 US/boe and a conservative production volume of ~1250 boe-, are forecast to be in the vicinity of $11,150,000 and cash flow at ~$3.6m($0.17/share). Sooner or later, these stellar results are going to be reflected in a much higher share price.Additionally, if the average price of oil for the year holds within the $25-$30 range,we will most likely see a much higher share price from current levels. All of this without the prospect of significantly higher production volumes from the drill bit or further acquisitions.With such a healthy balance sheet, I wouldn't rule out another acquisition before the year is out. All we, as long term investors, need to do is hang on tight. Len