Sorry Rebel. My link does not work any more.

If you are still interested in this research PM to me your e-mail or go to http://iq.bmir.com/index.php sing up for free subscription and download the report Q3 iQ Report .This is comprehensive report for over 70 Canadian O&G producers. Over 90 pages in pdf files so I can not add to the PM message. I have it on my computer so I can email to anybody who is interested. Sorry for the confusion. JUREK

Following is my original post to rebels which I ask CRUDE to remove it due to bad link I got it from aboutoil old post, the name I used to have here until people confused me with the oilbent. My only post you see on this board are sign JUREK the same like on the SH board.

Hi rebels.

When you have some time go to the page with the link below. Look for the :File name: 2007-q3-iq (middle of the page) and download the pdf file. It mat take more then 30 sec. This is research report on more then 70 Canadian O&G junior producers. Skip the first half which has the Royalties Trusts. It is a good start for anybody who is open to learn about this sector including numbers and definitions.

THE LINK

Ps:#1 I am not professional investor or accounted. Retried 2 years ago at 57 but always open to learn . Yes ,I committed the cardinal sin and had 3 posts in March on the CLL Stock House board. 2 of the were the answer to others about Bell Canada (BCE) and CLL Q3 skew earnings numbers. I promise I will be a good boy(go to confession) and I will restrain myself from posting on that CLL day traders board. All my posts were sign by JUREK.

#2 Net earnings are the recognition of the good accountant not the actual company performance .They usually include a lot of non cash items which have no material efect on company free cash position. This is especially important in the O&G sector were Net earnings are hard to come by due to high DD&A ,CAPEX and Debt .

In short, most financial analysts are evaluating O&G Junior producers based on cash flow, production (boe/day), debt, enterprise value/daily flow (EV=debt+SP x number of share) , EBITDA etc