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

To: Gordo who wrote (110)	3/17/2000 12:20:00 PM
From: John Trudeau	Read Replies (1) \| Respond to of 140

Gordo, Vic says they haven't hedged production - on the up side, as it costs more than they think it's worth (I don't know the details). He said they are guaranteed a floor of $18/bbl however. Their conservative estimates encourage my faith in the Co. To make the point, there's a ton of small Co's that say they anticipate going from 100 bbls/day to 500. I've yet to see one of them do it (although there must be one or two that have). The surprise of exceeding estimates is always preferable to the all too common opposite. On ARR.A, the CF numbers look very bullish. A lot of room for raising $$$ and drilling wells. The liquidity sucks big time, but, if they are successful and win over investors, it should lead to substantially higher share prices. Definitely worth picking up a few shares. P.S. As previously mentioned, I'm still looking for industry feedback on arr.a and lbr management. Best of luck, JT