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Gold/Mining/Energy : Canadian Oil & Gas Companies -- Ignore unavailable to you. Want to Upgrade?

To: John Trudeau who wrote (7772)	11/8/2000 1:29:55 AM
From: Richard Saunders	Read Replies (2) \| Respond to of 24899

JT - Crazy days and cashflow valuations? The BEC-tse estimates are of interest, still a shareholder - I just looked at BEC's website & it indicates most recent update as Nov. 6. The 3Q report should be interesting to see how close BEC is away from their current forecast. Cut-n-paste below is off their website & if true current stock price at today's close ($2.20) would seem attractive purely from P/CF...... someone at CIBC picked up 11,600 shares near the close & I suspect they are also thinking that a 2.0x cashflow multiple offers some potential. As always, time will tell. Q. Your cash flow for the first half of 2000 was over $3.7 million. What are you forecasting your cash flow to be for all of 2000? Using oil prices of $26 US per bbl. and gas prices of $4.00 per mcf for the second half of 2000, we are forecasting a 2000 year cash flow of $12 million, or in excess of $1.10 per weighted average share. Source: belairenergy.com Frequently asked questions under "What's New" section.