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

To: jim_p who wrote (77856)	11/3/2000 9:19:32 PM
From: excardog	Respond to of 95453

jimp, Sneak a peek at EPEX. Presently a micro cap. Per CC Q4 will be 36 to 40 cents in earnings 60 to 65 in cash flow selling at $4.5. What I like here is lack of debt $4.5 million as of CC and 5 high impact drilling sites in 2001. If prices remain at or near the high end the cash flow will allow some decent drilling since debt service is so low. I find it very rare that these little guys are not burdened with debt. A takeover candidate for sure. Run rate exiting 2000 will be 20 mmcfpd or above, 9.33 million shares outstanding. Does trade 50k a day which isn't bad. IMO

To: jim_p who wrote (77856)	11/4/2000 12:25:12 AM
From: dsindakota	Read Replies (1) \| Respond to of 95453

Hello Jim, I believe it was you who liked KWK last June. The increase the last three days and the 11% gap up this afternoon appear to be entirely related to the news of their Canadian coal bed methane play. I would think that any significant revenue from this venture would be at least a year or more away. Normally I would take profits on a jump like this, particularly with expected lower NG prices next spring. But their 2nd Qtr report looked good, and their 3rd Qtr report is due at the end of the month. I haven't seen any increased profit estimates yet, but the analysts like it. Rated 1.20. What do you think? Is KWK a keeper? Any thoughts you may care to share would be appreciated. Dave