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

To: Kerm Yerman who wrote (8784)	4/1/2002 12:54:09 PM
From: kingfisher	Respond to of 24921

Hi Kerm, Small caps that I follow and have potential. Are Purcell Defiant Energy DEF Hawk Oil HWK.A, Hawk is projecting exiting 02 with 2850 boe production up from 2050. Cash flow projections are $1.27 fully diluted based on $20 WTI and $3.50 Canadian gas. Stock is at $2.87.Poor liquidity and tightly held and only 8,600,000 fully diluted shares. Defiant projecting exiting with 2000 boe from current 1500 boe trading at less than 3 times cash flow.Net asset value discounted at 10% is $2.20 per fully diluted share.Trading at $1.20. All these stocks should be considered 2 year holds for maximum potential.Not for short term investors.

To: Kerm Yerman who wrote (8784)	4/1/2002 9:03:37 PM
From: Lorne Larson	Read Replies (2) \| Respond to of 24921

Anyone else besides me find it aggravating that a lot of the juniors don't segregate their 4th quarter results from their year-end results? I may be paranoid but I suspect in many cases it's an attempt to mask a real bad 4th quarter. This means that you have to take the year-end results, and than go back and subtract the 9 month results in order to get a handle on the 4th quarter. In some cases they don't have 9 month or 6 month reports, so you have to figure it out quarter by quarter. Quite frankly some of these juniors do a terrible job, intentionally or otherwise, with their quarterly reports. When I see some of these mickey-mouse efforts, it always raises a red flag about how they carry on business generally.