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.

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

To: Taylorm. who wrote (4888)	4/5/1998 10:37:00 PM
From: twocents	Read Replies (2) \| Respond to of 24916

Kerm, Anyone...GULFSTREAM RES(gur-tse) Can anyone offer an opinion on this co? Its share price has been dropping recently. Is it a good time to buy or does the co have problems? Thanks for opinions. Dave

To: Taylorm. who wrote (4888)	4/6/1998 12:11:00 PM
From: Kerm Yerman	Read Replies (1) \| Respond to of 24916

Taylorm / Oil & Gas Producers - Analysis Your right, we just discussed a book whose chapters were written about individual industries. Each industry was covered by an established analyst. The section on O&G was excellent. If I get time, I will scan back thru the postings to find it for you. I know Richard Saunders posted information on the book, sometime between Jan & Feb. Perhaps he will see this message and give you some feedback.

To: Taylorm. who wrote (4888)	4/6/1998 1:39:00 PM
From: SofaSpud	Respond to of 24916

I don't know how helpful this will be now that this thread is close to 5,000 posts, but people have posted "cookbooks" a few times. First one would have been in late '96 (somewhere in posts 800-900); and again later in the spring of '97. I just went back to see if I could find them, and they didn't jump out. If you do find them, probably the only way the advice has changed since is that: 1) Nobody deserves the kind of cash-flow multiples that were being paid back then. A Northrock might have been worth 9x then; today even that consistent a producer is only worth maybe 5x. Upton (which some of us still hold hope for) probably merits the current multiple of under 3x. 2) Debt -- which cash flow dropping, the debt figures are even more important. Kerm has made this point many times in the last few months. 3) Earnings. Back in the heady days of '96, none of us worried about earnings too much. But with current prices, earnings matter. Some companies have managed to continue to grow their cash flow, but have seen eps turn negative. One has to question how long that can be sustained. Good luck!