Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Strictly: Drilling II -- Ignore unavailable to you. Want to Upgrade?

To: Bert who wrote (24937)	1/7/2003 12:40:29 AM
From: isopatch	Read Replies (2) \| Respond to of 36161

Hi Bert. EENC has been my biggest energy position for many months. My pet name for it is the Cannuk Denbury in the sense that it's a developmental play with less risk than the pure explorers. Should add the distinction that Enterra is developing primary production while Denburys success has been build around increasing production from old properties via effective enhanced recovery technology. Unlike the others we're discussing, oil is a big part of EENC's operations. After EENC, come CRZO, ROYL, and PQUE in order of $ size. Have only a small position in EPEX. It'll make money. But can't get too enthusiastic about it. It's got a record of under performing most of the others since what I believe was the cyclical low for NG, in mid summer. Agree PQUE has been disappointing lately. Perhaps their next operations update won't be as good as expected. I'm willing to give it a little more time. Once the sector trend is up, small caps (HOFF included) are more likely to surprise on the upside, as ROYL proved twice during the past month after looking "deader than a door nail" for a long time. But even I'm wrong from time to time. So, we'll just have to wait and see. For the sake of discussion, here's an 20 day SI comparison chart for my 4 fav E&Ps, with EPEX added in. (20 biz days corresp. to about one calendar month) siliconinvestor.com On the 40 trading day (2 mo) comparison, EPEX is in the middle of the pack. Didn't look at every possible time frame. But in the others I looked it was either next to last or last. siliconinvestor.com But when we run the comparison out to 20 weeks (which would trace these stocks from what I've postulated was the cyclical bottom in NG) EPEX drops to the bottom compared to the other 4 siliconinvestor.com We could look at the fundamentals. But other than having a good balance sheet, EPEX doesn't evidence stronger operations or internal performance numbers vs the others. All just MHO. BTW, glad you're posting with us. As much as I love the PM sector, enjoy having a few folks interested in brainstorm about energy, particularly the NG related issues. Cheers, Isopatch