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Gold/Mining/Energy : Belair Energy Corp. (ASE:BEC) -- Ignore unavailable to you. Want to Upgrade?

To: John Trudeau who wrote (109)	3/17/2000 2:26:00 AM
From: Gordo	Read Replies (1) \| Respond to of 140

Thanks for the info JT. Do you know if BEC has hedged any of this year's production? $19 for oil and $2.50 for gas are very conservative estimates. I took a quick look at ARR.A Based on 1000 boepd, it looks like they should easily hit about $1.00 cash flow per share for this past, which would give them a price / cash flow multiple close to 1!! Noticed also that they had a recent shareholder's meeting to turf a director (a small red flag). Liquidity is also a significant issue (tough to acquire or unload a position). gord