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Gold/Mining/Energy : Fox Energy Corp. - FEC on ASE -- Ignore unavailable to you. Want to Upgrade?

To: tide who wrote (1)	4/8/1998 2:32:00 PM
From: Harley	Read Replies (1) \| Respond to of 54

Looks like you got in at the high. I'm not sure if we will see $1.50 in the very near future. Based on the cashflow estimates of $.17 for 1998 the stock should be trading in the $.85 cent range (based on a cashflow multiple of 5). There are some other factors which could influence this like an acquisition or merger (as there has been some talk of this), oil price rises to the above $20/bbls or a significant discovery on their lands. The downside at these prices is minimal. Harley