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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: Archie Meeties who wrote (17799)	2/3/2003 2:00:06 PM
From: DELT1970	Respond to of 206184

PXP announced a deal for TTEN today. Here is the new yardstick from the PXP release. <<The acquisition is expected to be immediately and significantly accretive to PXP's earnings and cash flow. Based on a 3TEC transaction value of approximately $432 million and $80 million of unproved properties, the transaction implies a proved reserve purchase price of $1.19 per Mcfe.>>

To: Archie Meeties who wrote (17799)	2/5/2003 4:17:23 PM
From: Ed Ajootian	Read Replies (3) \| Respond to of 206184

Arch, CPE, PQUE -- I blew out of most of my remaining position in CPE today on news that their first deepwater project is now delayed another 2 months and won't start producing until June. I don't see the stock making any major moves until say March/April at the earliest. Most of the money went into EPL in anticipation of a big move in the coming weeks, based on upcoming announcements. Definitely keeping CPE on the radar screen with a likely reentry in the Spring. I am interested in buying some PQUE based on an upgrade by Subash Chandra at Morgan Keegan, whose opinion I highly respect. He is projecting 90 BCFE of '02 year-end reserves, and with an enterprise value of something like $160 M it looks way undervalued, considering the prospects they will be drilling in the next 6 months. Not usually much of a TA guy but the chart looks bad even to me, so that is why I'm hesitating. Any PQUE thoughts?