Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Strictly: Drilling and oil-field services -- Ignore unavailable to you. Want to Upgrade?

To: The Fix who wrote (66129)	5/12/2000 8:00:00 PM
From: Bearcatbob	Read Replies (1) \| Respond to of 95453

Oh fIXER there are so many. I and the market love TriGas - TGX on Toronto. The site WWW.stockscores.com provides a means of obtaining a technical rating of up to 100 for the best. Check it out! Bob

To: The Fix who wrote (66129)	5/13/2000 10:22:00 AM
From: BigBull	Read Replies (1) \| Respond to of 95453

The Fix, I don't study E&P's these days at all. But here is an article from Oil and Gas Investor that may help get you started: ------------------------------------------------------------ oilandgasinvestor.com John S. Herold Inc.: Canadian E&P Companies Are Undervalued Midsized Canadian gas and oil companies are still dramatically undervalued by the financial markets, as suggested by valuations of two companies currently on the acquisitions market by Stamford, Conn.-based John S. Herold Inc., a global petroleum research firm. Herold computed the value of the common stock of Ranger Oil Ltd. at approximately 29% higher than its current stock price and the common stock of Beau Canada Exploration Ltd. at approximately 39% higher than its current price. Both analyses were done as part of the company's new SEAM (Significant Energy Assets on the Market) service. Ranger Oil Ltd., the subject of a hostile takeover bid from Petrobank Energy and Resources Ltd., has a common equity value of C$8.75 per share, according to Herold vice president Michael Wang. "Based on a study of comparable acquisitions in our database, we believe Ranger Oil is worth 17% more than the C$7.50 per share offered by Petrobank and 29% higher than Ranger Oil's closing price of C$6.80 per share on May 11, 2000. Our valuation supports the decision of the Ranger Oil board of directors to ask shareholders to reject the Petrobank offer and to hire financial advisors to explore options for maximizing shareholder value." Beau Canada has also hired financial advisors to seek buyers for all or part of the company. The SEAM analysis issued by John S. Herold shows an estimated common equity value of C$2.75 per share, which represents a 39% premium to the Beau Canada closing stock price of C$1.98 per share on May 11, 2000. The Canadian upstream M&A market has been red-hot in 2000. Nine significant corporate deals have been announced, all significant premiums to stock prices. This week, Rio Alto Exploration Ltd. agreed to acquire Renata Resources Inc. at a 24% premium. Wang said, "Higher oil and gas prices have given aggressive E&P companies the means to go shopping. There are bargains in Canada, so that's where much of the action is concentrated.''