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Gold/Mining/Energy : KOB.TO - East Lost Hills & GSJB joint venture -- Ignore unavailable to you. Want to Upgrade?

To: Rocket Red who wrote (428)	12/5/1998 5:03:00 PM
From: Salt'n'Peppa	Read Replies (1) \| Respond to of 15703

Red, Here is my comparison of the companies. My money is still on KOB, literally. KOB have slightly more shares outstanding than SOG, and both have ~5% working interest in ELH. Right now you can buy 5 KOB for every 4 SOG. That's 20% more KOB, so if you think that in the end SOG will be worth >20% more than KOB, then buy them, but I don't think that will happen. HTP and PYRX have only 8 million shares outstanding, so they stand to gain the most, percentage-wise. Trouble is that you are paying a lot more for them. At more than 2X KOB, I don't think HTP is the better buy right now. This leaves PYRX, which has 10% working interest in ELH. Each PYRX share is effectively worth 4 KOB shares (half the shares, twice the interest), and they are trading at around $4.00 USD, or 3 times a KOB share. On a strict basis, PYRX is the better buy, but getting in on the ground-floor (or first floor as it now stands!!!) you should probably look at getting the greatest number of shares for your money. Given the added coverage KOB gets, and the huge 3 million share day on Friday, I would go with KOB for now. I hope this helps you make that decision.