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

To: Kerm Yerman who wrote (5495)	10/16/1998 12:06:00 AM
From: Marc Fortier	Read Replies (1) \| Respond to of 24892

Thank you Kerm, you are most helpful and I appreciate your opinion, as everybody else on this board I am quite sure. Since you obviously know what you are talking about when it comes to oil & gas plays, let me ask you a few more questions, so that I may learn a little bit more from your knowledge. If you have answered the same topics before on this board, feel free to direct me to the proper responses. I'll understand that you may feel tired to repeat the same things too often. First of all, if we take PRX as an example, which ratios do you feel are the most important to analyze an oil & gas play? The P/E ratio does not seem very useful. In the case of PRX, it is a lofty 57 right now according to Yahoo! quotes. I suppose that revenues per share would be better. But what about debt to equity or return on shareholder equity? Cash flow per share (do you prefer free cash flow per share?) appears highly important in this industry, but why? And is there an easy way to come to a dependable figure if you are not a first class accountant? Finally, ratios are of great value for the serious investor, no doubt about that, but at which levels would you say that they may give a reliable buy (or sell) signal on this particular industry? Lot's of questions, as you see. I look forward to you answer. Always eager to learn more, Marc P.S. -- A few last ones: What do you think of oil & gas trusts? Would you apply the same ratios as you do for regular plays to analyze them? Do you know any CDN issues that merit some investigating?

To: Kerm Yerman who wrote (5495)	10/19/1998 8:31:00 AM
From: Kerm Yerman	Read Replies (2) \| Respond to of 24892

EVERYONE / Pull out The Maps Here is a news release put out this morning. Since we're all bored, as evidenced by the posting here lately, lets go thru our resources to find out more about this discovery. Use your usual search engines and if you have contacts with access to data related to land or formation in this play, let's put them to use. I don't recall seeing word of a discovery, this size, in the Rocky Mountain area. NEWS RELEASE DENVER, Oct 19 - Barrett Resources Corp. said Monday it had completed its Cave Gulch 3-29 in the muddy formation in Wyoming and tested the well at a rate of 61 million cubic feet of natural gas per day. The independent natural gas and oil exploration and production company said in a news release it plans to begin sales from the well within a week at a production rate of 40 to 50 million cubic feet per day. "These test results confirm our enthusiasm in the deep potential of the Cave Gulch field," Barrett chief executive William Barrett said. Barrett said it holds an 85.032 percent working interest in the well but that interest could change in January when the Wyoming Oil and Gas Conservation Commission will review production and other data from the well to determine whether two adjacent units have rights to participate in production from the well. Barrett said it has working interests in the adjacents units of 69.09 percent and 84.90 percent.