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

To: Dean O'Dell who wrote (1196)	9/12/2000 10:46:28 PM
From: forecaster	Read Replies (1) \| Respond to of 2357

Dean: Analysis of Average P/E. My profession taught me to do my own statistical analysis, whenever possible. This is what I came with: Source: Toronto Globe&Mail, Saturday, September 9, 2000. Closing prices as of Friday, September 8, 2000. All figures (except P/E) in Can$. All included companies are Canadian, have fiscal year ending Dec. 31 and reported second quarter financial results. RANK COMPANY PRICE EARNINGS P/E INTEGRATED OILS: 1.SHELL 34.40 2.91 11.8 2.IMPERIAL 38.70 2.39 16.2 3.PETRO-CANADA 32.40 1.61 20.1 4.SUNCOR 34.80 1.53 22.8 AVERAGE P/E=17.7 PRODUCERS: 1.NUMAC 5.40 0.66 8.2 2.CRESTAR 23.70 2.48 9.6 3.CDN NAT RES 49.35 4.41 11.2 4.VERMILLION 8.30 0.71 11.7 5.TALISMAN 50.35 4.09 12.3 6.PANCANADIAN 33.30 2.55 13.1 7.PENN WEST 37.85 2.68 14.1 8.CDN OCCI 41.20 2.87 14.4 9.RIO ALTO 31.40 1.65 19.0 10.ENCAL ENERGY 9.30 0.49 19.0 11.CDN HUNTER 37.75 1.84 20.5 12.ALTA ENERGY 59.20 2.61 22.7 13.PARAMOUNT 14.00 0.58 24.1 14.CABRE 15.50 0.58 26.7 15.BERKLEY 8.90 0.27 33.0 AVERAGE P/E=17.3 The integrated oils list is exhaustive, the producers list is almost exhaustive of companies with revenues 100+ million, with the exception of GULF which has an extreme P/E of 430. This analysis proves my above caution. The actual P/E average of 17 is far higher than anything I heard about industry averages. Bringing Hurricane into the picture: HHL.A 8.10 2.28 3.5 Make your own conclusion! Forecaster