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Gold/Mining/Energy : TS TELECOM (www.tstelecom.com): ASPIRING TELECO -- Ignore unavailable to you. Want to Upgrade?

To: John Trudeau who wrote (1594)	9/15/2000 4:02:40 AM
From: Gordo	Read Replies (1) \| Respond to of 1762

JT - Off topic Well as you know I have some BEC, although I acquired it indirectly through their takeover of CJE. $5 a share by the end of the year? Wow! If all my O&G plays were to trade at 5X cash flow by the end of the year I would be one happy camper. I think a more realistic target is 3-4X cash flow (I'll split the difference and call it $3.50). I'll bet ya a virtual beer and we'll see whose closer by Christmas. gord

To: John Trudeau who wrote (1594)	9/15/2000 6:40:49 PM
From: Ciao	Read Replies (1) \| Respond to of 1762

JT, well I did look at oil and gas stocks based on your exuberance for Belair. Unfortunately I picked something else, Avid Oil and Gas (AVO.A)which has not performed as well as BEC but a lot better than TOMmy. Speaking of TOMmy, expect AGM in November. Expect a road show (finally?, will it ever happen) possibly after announcement of a business venture. Take a look at NCD.UN (income trust), they have in the money warrants, ex. price of $3.51, stock is at $3.87, warrants at .31(a discount!). Warrants exp. in Feb. 2001. Cya

To: John Trudeau who wrote (1594)	9/27/2000 2:17:20 PM
From: John Trudeau	Read Replies (1) \| Respond to of 1762

Off topic: I've updated my year end target price for BEC. I'm moving my target price from $5.00 down to $3.20 by year end. Basically, the Co. is not meeting (my) production expectations and has sold 350 boepd of their production at what I see (only an opinion) at an unusually low price (approximately $10,000 / bbl /per day). So, new forecast: .... ~.80 CF for 2000 (down from $1), and a CF multiple of 4 (down from 5)....=> 4 x .8 = $3.20 by December 31, 2000. Considering current level of $2.30 +- .10, there's a realistic expectation of +40% return by year end. That's all for now. JT