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

To: Fuller who wrote (7318)	5/10/2000 9:09:00 AM
From: Taylorm.	Read Replies (2) \| Respond to of 24939

Does anyone know where you can get the current bid price of oil and gas on the net? thank you

To: Fuller who wrote (7318)	5/12/2000 9:57:00 AM
From: Cal Gary	Respond to of 24939

BAU: Check out the market action today. 300K traded in first 10 minutes of trade. 530K after 20 minutes. The hired financial advisors are still defending the 2.00 level. Nesbit appears to be running out of shares. First Energy is still selling at 2.00. No sign of Griffiths. 89 Goepel (institutional?) is the big buyer today. Hayward yesterday National Bank the day before. etc Some large crosses still happening. 5/12 50,000 Peters 2.00 so far today... 5/12 100,000 Peters 2.00 5/11 200,000 Nesbit 2.00 5/10 45,000 Peters 2.00 5/10 200,000 Peters 1.95

To: Fuller who wrote (7318)	5/12/2000 1:16:00 PM
From: Cal Gary	Respond to of 24939

Hi Fuller, But i think your $ 3.00 valuation is a little light. I hope so too. I think BAU can get premium value for Ladyfern and Peggo/Helmut properties. They got $27,059 per BOED for the Bantry gas plant and associated production. Not bad for one piece. Check out their expected cashflow for 2000. These are raw numbers, unchecked but I get $0.87 cps. At 3x CF I get $2.61 valuation. At 4x CF I get $3.48. I believe most of the deals for intermediate producers will happen before 2nd quarter numbers are released. Hunters will then have to pay more for the properties. Valuations based on trailing numbers, of course, will be less risky but also lower too. Check out their expected cashflow for 2000. These are raw numbers, unchecked, but I get $0.87 cps. At 3x CF I get $2.61 valuation. At 4x CF I get $3.48.