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Gold/Mining/Energy : Strictly: Drilling and oil-field services -- Ignore unavailable to you. Want to Upgrade?

To: isopatch who wrote (74216)	9/22/2000 11:37:06 AM
From: ronayre	Read Replies (1) \| Respond to of 95453

Hey Isopatch, I'm so laid back ever after 3 cups of Sumatra that as long as my timing hits the barn I'm cool with it<g That wouldn't happen to be the Sumativa hemp seed blend would it? <ggg> Picking up some deals today here and there today.

To: isopatch who wrote (74216)	9/22/2000 1:25:54 PM
From: richard badauskas	Read Replies (1) \| Respond to of 95453

Another one to look at is Goodrich Petroleum (NYSE "GDP"). 12M shares trading at $5.75. Free cashflow is around .45 cents for current quarter. Development of oil and gas properties seems to be growing oil and gas production volumes at about +20% per quarter and cashflow at about the same rate. Revenues for third quarter estimated at $7.5M. At an annualized rate of $30M and growing. Free cashflow should get at least $1.50 per share annualized and with about a dozen wells left for 2000 (workovers, development and exploration) and 36 planned for 2001 a little luck with drilling could see annual freee cashflow head past $2.00 per share IMHO. GDP is one of the smallest NYSE listed stocks and is marginable.