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Gold/Mining/Energy : Petrokazakhstan Inc. -- Ignore unavailable to you. Want to Upgrade?

To: Thomas Kelly who wrote (1172)	8/10/2000 9:01:02 PM
From: forecaster	Read Replies (2) \| Respond to of 2357

Tom, they beat the 'Street' by US$ 0.10 ! Fantastic! Quick comment: 1. As you pointed out, I was too low on the revenues. I was only counting third party oil purchases from Kazgermunai, but it appears that they also marketed Lukoil's other half of Turgai Petroleum. Otherwise I can't explain the crude oil purchases of US$ 23.9 million. Their selling value would be somewhat higher. 2. Hurricane had basic net income of US$ 0.80/share in the second half of 1999 and now US$ 0.75/share in the first half of 2000. Together, the trailing 12-month figure sums to US$ 1.55 or Can$ 2.30. These are the actual figures, not anymore forecasts. So, the closing price of US$ 4.30 on NQB represents a totally absurd P/E of 2.77 and the closing price of Can$ 6.50 on TSE translates to equally absurd P/E of 2.83. 3. Taking StockHouse analyst's average P/E of 8 for this type of high foreign content integrated oil company, HHL.A should be presently selling on TSE for Can$ 18.40! Forecaster