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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Dale Baker who wrote (13533)	1/2/2002 2:49:45 PM
From: Bob Rudd	Respond to of 78547

I really didn't get as far as the lawsuits, but a longstanding quest to bracket litigation risk has been sufficiently fruitless that time would have been better spent seeking the Holy Grail...So my response would probably have been the same as yours. I did look at estimates of reserves and adjusting MCFe to conservative $3 looks like it confirms about 60mm in net asset value or about 6.50 per share. Annual FCF over prior 5 years doesn't inspire confidence...they only broke even during the bubble and were deep in the red otherwise: yahoo.marketguide.com All this is real loosey goosey as I'm not that in tune with the NG sector. BTW, If this would be a bet driven by NG prices, methinks the futures would be better way to play since the stocks are a double jointed chopstick way to pick up NG exposure due to hedging and business risk.