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: Jan Johnstone who wrote (6439)	5/24/1999 5:45:00 AM
From: Kerm Yerman	Respond to of 24892

Jan / Poco Pete 12 Month Target = $15.00 I don't have a current handle on Upton shares --- since improved oil prices. Haven't talked to them since the first of the year. I do remember at the time, I felt they were only a $1.50/1.60 stock and the price was $2.00 at the time. They need to be re-visited to obtain up to date info on their 1999 CAPEX program. The increase in oil prices should provide for increased activity in the second half of year. I will offer this. I think the shares of the company warrant 4.0X 1999 cash flow now and 4.5X 2000 cash flow 12 months down the road.