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Strategies & Market Trends : Stock Watcher's Thread / Pix of the Week (POW) -- Ignore unavailable to you. Want to Upgrade?

To: Stock Watcher who wrote (34575)	6/12/2000 3:47:00 PM
From: RCJIII	Read Replies (2) \| Respond to of 52051

PANA news out, check out those cash flow and EBITA estimates Wow. (BSNS WIRE) PANACO Annual Meeting Results PANACO Annual Meeting Results Business/Energy Editors HOUSTON--(BUSINESS WIRE)--June 12, 2000--PANACO Inc. (OTCBB:PANA) announced the results of its Annual Meeting of the Shareholders held on June 7, 2000. Of the 24,323,521 outstanding shares, 20,033,188, or 82%, voted to re-elect Directors Larry Wright, Harold First and Stanley Nortman for new three-year terms. Larry M. Wright, president and chief executive officer, stated, "As you have seen in the Annual Report, 1999 was rocky and the best thing about 1999 is that it's behind us. For 2000 we have had positive income for the first quarter and expect positive earnings for the year. Cash flow is anticipated to exceed $1.00 per share at over $25,000,000 after debt service. EBITDA is estimated to be over $39,000,000. "With capital expenditures of $30 to $40 million this year we should end the year with an increase of only $5 to $10 million above the year-end 1999 senior debt level. "Reserve growth should be in the range of 10-15% with production expected to exceed the 1999 volume of 18.1 Bcfe by 5-10%. "We are developing our reserves and looking for acquisitions which will be accretive to PANACO in the long run." PANACO Inc. is an independent oil and gas exploration and production Company focused primarily on the Gulf of Mexico and the Gulf Coast Region. The Company acquires producing properties with a view toward further exploitation and development, capitalizing on state-of-the-art 3-D seismic and horizontal drilling technology to recover reserves that were bypassed or previously overlooked. Emphasis is also placed on pipeline and other infrastructure to provide transportation, processing and tieback services to neighboring operators. Forward-looking statements in this press release are intended to be subject to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that all forward-looking statements involve risks and uncertainties, including drilling risks, uncertainties in estimating reserves, risks inherent in oil and gas operations and others set forth in greater detail in the PANACO Form 10-K. No assurances can be given that actual results will not differ materially from those contained in such forward-looking statements. --30--EB/ho* CONTACT: PANACO Inc., Houston Michele Hines, 713/970-3100 Fax: 713/970-3151 www.panaco.com KEYWORD: TEXAS INDUSTRY KEYWORD: ENERGY OIL/GAS Today's News On The Net - Business Wire's full file on the Internet with Hyperlinks to your home page. URL: http://w

To: Stock Watcher who wrote (34575)	6/12/2000 4:35:00 PM
From: nokomis	Read Replies (1) \| Respond to of 52051

CTXS is one gem of a company - the fact they're changing their business model to paper from shrink-wrapped software was to me merely an excuse by the institutions to pick up cheap shares..in the longer term, this change to "paper" software will add significantly to their bottom line -- its a much better deal for their customers, even if the sales cycle is slightly longer.. ..we don't see many opps to buy an A1 leader at fire sale prices, but today we did. ...if it drops further, I'll add to the position I opened today, without the slightest hesitation!