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Strategies & Market Trends : YEEHAW CANDIDATES -- Ignore unavailable to you. Want to Upgrade?

To: EGGSHAPE who wrote (583)	11/23/2002 2:26:38 PM
From: Sergio H	Read Replies (1) \| Respond to of 23958

Shape, I don't know if there is a plan to increase usage of the gulf supply. Russia has indicated that they will make up for any supply shortfall from the mid-east. I think that a lot depends on Venezuela's stability as well as reactions from other mid-eastern producers. EPL has perfomed marveously since you brought it up on the Amigo thread. It has outperformed the general market as well as its peer group: Performance Energy Partners Ltd DJ Oil Secondary 3 Months 13.91% - 3.27% 6 Months 18.63% -12.41% Year-to-Date 21.46% - 4.57% 12 Months 50.33% 4.89% The rate that EPL is outpacing its peer group has been on the decline. Unless there is a new catalyst to enhance EPL's perfomance, the peer group should begin to outpace EPL.

To: EGGSHAPE who wrote (583)	12/18/2002 7:45:13 AM
From: Ed Ajootian	Read Replies (1) \| Respond to of 23958

Eggshape, EPL -- Yes, its time to get back into EPL. See them mentioned in a recent post I did in the BBR, at Message 18338923 They are dramatically increasing their reserves from one of the most active and successful drilling programs out there right now. Most of the new stuff coming on line from recently completed wells is gas, and they still have 7 more rigs going. They are selling at well under 3 x projected cash flow at this point, way too low a multiple for a company this successful and with such a solid balance sheet. Not sure where you heard that US is only using 10% of Gulf supply. EPL (and all the other companies operating there) is selling every drop of oil and mcf of gas it can produce right now, and at prices that have rarely ever been higher.