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 : Strictly: Drilling and oil-field services -- Ignore unavailable to you. Want to Upgrade?

To: ron peterson who wrote (43929)	5/4/1999 10:30:00 PM
From: WWS	Respond to of 95453

Ron, I'd like to call attention to the Canadian NG E&Ps. Link below to two good articles to absorb, courtesy of the "Oilpatch Observer." interact.canoe.ca

To: ron peterson who wrote (43929)	5/5/1999 1:47:00 AM
From: SliderOnTheBlack	Read Replies (1) \| Respond to of 95453

< What's your favorite gas/ E&P's companies? > ..a "DD" list: E&P's in general; vary from 85%+ nat gas to more balanced Oil/Gas production. I am basically ''done'' buying here for the most part. I was buying heavy (as many here were) before these started moving, but HSE is a bargain here, MEXP & PGEI - are risky, but huge,huge upside. CRK is building a base here at $4 - 5 after a huge run - add heavy on any intra-day dips here- mid-$4's . OEI is a bal Oil/Gas Intnl diverse/deepwater play & a must own. UPR highly leveraged to continued upside. XTO solid & still a 50% move to just past OCT highs. I would prefer to buy these on consolidation/basing here shortly. All have had big runs - CRK over $5 and the Institutions will carry it...Q2 should really have some good news (VBG) ! - $7 target seems too conservative - many analysts jumping behind this one - double digits not unrealistic mid-termish. I did buy MEXP today and PGEI is such an upside play - that thru $3 is LT dirt cheap with momenteum looking strong here...if PGEI doesn't go to zero/ie: non commercial Raton Coal Bed Methane (VBG) - it sees $8-12+ in 18mos, the reward potential here vastly exceeds risk ! If this lingers here near $2 - I'll keep throwing cash at it...and lots of it. HSE CRK MEXP PGEI (HSE & CRK -both heavy, near all nat gas producers; MEXP PGEI - trading-speculative w/ subst upside 3-5x LT) OEI XTO UPR - ( lil' pricey here, but avg in & build longterm positions/must owns LT) MRO KMG PZE (love MRO for low risk LT play !start an initial position here sub $30 and load the boat on MRO at about $26-7 - integrateds are low risk + still high upside. These do not have the upside of the small cap, pure E&P's - but have less risk - good low/med risk portfolio diversification here. ===================================================== EVER RRC MARY MLRC - (avg in on any/all substantial dips - all a bit pricey here- with RRC jump on retracements - MLRC a real sleeper - wait for high $7's-$8) FXEN- play on low risk Poland development w/Apache EPEX - hi tech/cutting edge seismic expertise BELW - undervalued - co in transition-higher working interest in prop's - acquirer ? APA APC DVN LD NFX PPP - all solid; but just too pricey here for me. EVER back in the $14's, APA @ $22 seem like forever ago...pray for dips - and don't hesitate buying these if we get solid retracements going forward. APA still a great LT play - just a little limited short term imo. also, EEX - high upside via literal ''Company maker'' projects - exc GOM prospects For ''trading'' - PGEI could blow thru $3 overnight (= +50% on any news - ie: accelerated Raton development/Cap Ex increases etc. & end of May annual mtg updates. MEXP as well - a potential 50% to a double on new financing news and will be a 2-4 x return LT as a hold from here. Miller Family has the cash - and did bail the co out - all due to an accounting non cash impairment writedown/ resulting Bank covenant violations anomaly - period; buy it ! ....couple of others, but floats too small to publicize here; wouldn't be fair to my efforts/not done building positions - dig & read; they're out there... good luck