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 : PEL - Purcell Energy -- Ignore unavailable to you. Want to Upgrade?

To: que seria who wrote (148)	11/16/2000 1:14:13 AM
From: rajaggs	Respond to of 165

Went to Purcell (and others) dog'n'pony show today in Vancouver. Spoke to jan Alston, who is very open and he is concerned about low multiples assigned to O&Gs but feels this may be coming to a sudden stop soon. he is very positive, naturally, about the company's future and who wouldn't be, sitting on the cashflow nestegg that he has coming over the next few years. The K29 well (60% Purcell owned) is due to come on stream in January and that will further boost their cashflow, at a time when NG prices will be at their highest. The PEL estimates are still using conservative figures for NG pricing that are lower than the hedge price they are getting right now and the spot is almsot another $1Cdn higher than the hedge price, right now and climbing daily. Very hopeful about the JV with Talisman, who Alston said "wanted PEL on their team for the exploration in NWT." Alston expects the cashflow from Ft Liard to leverage PEL into bigger and better deals. I'll say.! Despite poor response so far by market, this is looking good for the next year. 'jaggs