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: Think4Yourself who wrote (73253)	9/13/2000 9:00:47 AM
From: jim_p	Read Replies (1) \| Respond to of 95453

John, For starters TLM is the cheapest large cap E & P of the 66 stocks that I follow. 1. They are selling at a little over 3X this years cash flow is US dollars. 2. They have a market cap in excess of $5 billion. 3. Their leverage declined from 1Q to a very low 37% 4. They increased production in 2Q from both 2Q 1999 and 1Q 2000, and did it through exploration. Production was up 43% over last year. 5. They have the highest analyst rating of any of the 20 cheapest companies I follow. 6. They are one a VERY few companies that increased cash flow and production over both 1Q 2000 and 2Q 1999 and reduced leverage during record commodity prices, and most important they did it through exploration. Jim

To: Think4Yourself who wrote (73253)	9/13/2000 9:22:25 AM
From: Tommaso	Respond to of 95453

The P/E of TLM is the same no matter what currency it's expressed in. Also, the growth in income. The Sudan connection, as many people have pointed out, certainly adds to their income, but the bad publicity has held the stock price back even more. It's not exactly the same as when the Bhopal calamity knocked down Union Carbide stock, but I think it provides an opportunity to get a well-run company cheaper than otherwise.

To: Think4Yourself who wrote (73253)	9/13/2000 11:52:36 AM
From: MetalTrader	Read Replies (3) \| Respond to of 95453

although I keep sitting on my hands as far as putting new money to work in the sector...TLM valuation and catalysts look rather good. 3.2 x 2001 cash flow with industry average 5.3. Even with company aggressively increasing capex, there will be cash for a stock buyback which makes sense if the relative valuation doesnt improve. management presumably wants to continue to participate in consolodation opportunities but needs to have an increased value currency. In my mind makes odds that the valuation will rise a good bet. Sudan will eventually resolve. mt