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: jim_p who wrote (66910)	5/24/2000 10:48:00 AM
From: ItsAllCyclical	Read Replies (1) \| Respond to of 95453

EPEX hedging cash flow info... Just got done talking to IR. Some highlights. They are about 83% gas, 17% oil remember. About 20% of their oil production is hedged through the end of the year. Half their gas is hedged at 2.60 collar until Sept. After that they'll have no gas hedges and they have no plans to hedge (given their low debt). Banks encouraged them to hedge. Internal estimates of cash flow for 2000 are .95 (assuming all new wells are dry) and 1.25 to 1.50 assuming some success with their drilling program. Those estimates were ran with assuming 3.50 natural gas for the remainder of the year. They didn't have any estimates for 2001. Overall the stock is still cheap. Also, nibbled on some techs today. We're probably not at the bottom, but the prices are just too good on some issues not to be nibbling. Bought small amounts of EFNT, ORCT, CYMI, QCOM and VTSS.

To: jim_p who wrote (66910)	5/24/2000 11:03:00 AM
From: BigBull	Read Replies (2) \| Respond to of 95453

Does the contest start from today or Jan 1? You know, I'm gettin' in on this one! Just want to be sure of the ground rules.

To: jim_p who wrote (66910)	5/24/2000 11:27:00 AM
From: Frank	Read Replies (2) \| Respond to of 95453

My service guesses assuming a start today. Don't let Bull in the back door with retrospective Jan picks--just kidding---- 1 TCMS 2 UFAB 3 PGO 4 GW 5 HOFF 6 PKD 7 FLC 8 WG 9 KEG 10 SESI Don't laugh at TCMS-if they stay in business they will get work and be the biggest % winner--Frank