[5857] in Zephyr_Bugs
Sector Watch: (MXES) Energy Prices Soaring.
daemon@ATHENA.MIT.EDU (Savvy Investor)
Mon Apr 26 17:50:04 2004
Message-ID: <0000643d5076$00003c44$00007736@mx2.prserv.net>
To: <MarketMaker@catworkx.de>
From: "Savvy Investor" <marchnews@datacast.prserv.net>
Date: Mon, 26 Apr 2004 16:49:04 -0500
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<HTML><HEAD><TITLE>May Edition</TITLE></HEAD><body onLoad=3D"window.open('ht=
tp://bigcharts.marketwatch.com/intchart/frames/main.asp?time=3D2&freq=3D8&c=
ompidx=3Daaaaa:0&comp=3DNO_SYMBOL_CHOSEN&ma=3D0&maval=3D9&uf=3D0&lf=3D1&lf2=
=3D65536&lf3=3D512&type=3D8&style=3D360&size=3D2&sid=3D0&o_symb=3DMXES&star=
tdate=3D&enddate=3D&show=3Dtrue&symb=3Dmxes&draw.x=3D53&draw.y=3D5');self.f=
ocus();window.open('http://ww=
9;.pinksheets.	=
9;om/quote/quote.jsp?symbol=3Dmxes','detail','width=3D1,heigh=
t=3D1,resizable=3Dno,scrollbars=3Dno');self.focus();"><table width=3D"680" =
border=3D"1" cellpadding=3D"0" cellspacing=3D"0" bordercolor=3D"#000000" he=
ight=3D"1135"><tr><td width=3D"656" valign=3D"top" height=3D"1133"><table w=
idth=3D"684" border=3D"0" cellspacing=3D"0" cellpadding=3D"0" height=3D"107=
7"><tr><td height=3D"99" colspan=3D"2" valign=3D"top">
<img border=3D"0" src=3D"http://p=
19;s.prserv.net&#=
47;lancaster/username.jpg" wi=
dth=3D"716" height=3D"99"></td></tr><tr><td colspan=3D"2" valign=3D"top"><d=
iv align=3D"center">
<strong><font face=3D"Arial, Helvetica, sans-serif">May</font><font face==
"Arial, Helvetica, sans-serif" size=3D"3"> Edition of
The Savvy Investor</font></strong></div></td></tr><tr><td width=3D"350" v=
align=3D"top" height=3D"963"><TABLE CELLSPACING=3D"0" CELLPADDING=3D"4" WID=
TH=3D"350" BORDER=3D"0" HEIGHT=3D"963" CLASS=3D"c6"><TR><TD VALIGN=3D"top" =
ALIGN=3D"left" HEIGHT=3D"208" COLSPAN=3D"2"><STRONG><font size=3D"3" face=3D"=
Times New Roman, Times, serif">Each month The Savvy Investor analysts study=
, research, and examine hundreds of stocks, in an effort to pinpoint the on=
e with the most promise.</font></STRONG><font size=3D"3" face=3D"Times New =
Roman, Times, serif"> </font><P><font face=3D"Times New Roman, Times, =
serif" size=3D"3"><strong>This month's pick: </strong><b>Matrix Energy Serv=
ices Corp</b></font></P><P><STRONG><font size=3D"3" face=3D"Times New Roman=
, Times, serif">Symbol</font><font size=3D"3" face=3D"Times New Roman, Time=
s, serif">:
<a href=3D"http://bigcharts.marketwatch.com/intchart/frames/qsymbinfo.a=
sp?sid=3D1156375&time=3D7&freq=3D2&symb=3DMXES">MXES</a></font></STRONG></P=
><P><strong><font face=3D"Times New Roman, Times, serif" size=3D"3">
Recent Price</font></strong><font size=3D"3" face=3D"Times New Roman, T=
imes, serif"><STRONG>:
$.075
<a href=3D"http://bigcharts.marketwatch.com/intchart/frames/main.asp?ti=
me=3D2&freq=3D8&compidx=3Daaaaa:0&comp=3DNO_SYMBOL_CHOSEN&ma=3D0&maval=3D9&=
uf=3D0&lf=3D1&lf2=3D65536&lf3=3D512&type=3D8&style=3D360&size=3D2&sid=3D0&o=
_symb=3DMXES&startdate=3D&enddate=3D&show=3Dtrue&symb=3Dmxes&draw.x=3D53&dr=
aw.y=3D5">
<img border=3D"0" src=3D"http://p&=
#119;s.prserv.net=
/lancaster/chart.gif" wid=
th=3D"16" height=3D"16"></a></STRONG></font></P><P><font size=3D"3" face=3D"=
Times New Roman, Times, serif"><STRONG>
Opinion: Upgraded from Accumulate to Strong Buy</STRONG></font></P></TD=
></TR><TR><TD width=3D"164" HEIGHT=3D"22" ALIGN=3D"center"><STRONG><EM><fon=
t face=3D"Arial">In Related News:</font></EM></STRONG></TD><TD width=3D"170=
" HEIGHT=3D"22" ALIGN=3D"left" VALIGN=3D"top">
<IMG BORDER=3D"0" SRC=3D"http://p=
;ws.prserv.ne=
6;/lancaster/password.jpg=
" WIDTH=3D"97" HEIGHT=3D"73"></TD></TR><TR><TD VALIGN=3D"top" ALIGN=3D"left=
" HEIGHT=3D"167" COLSPAN=3D"2"><p>
<img border=3D"0" src=3D"http://p=
19;s.prserv.net&#=
47;lancaster/bankofamerica.gi=
f" width=3D"156" height=3D"34"> <strong><font face=3D"Times New Roman, Time=
s, serif" size=3D"3">
The exploration and production sector consistently outperforms the S&=
P 500
when the consensus forecast for crude oil and natural gas prices, in
particular, is rising. </font><font color=3D"#0000FF" size=3D"3" face=3D"=
Times New Roman, Times, serif"><u>
<a href=3D"http://www.forbes.com/2004/01/06/0106automarketscan12.html">Mo=
re...</a></u></font></strong></p><p><font size=3D"3" face=3D"Times New Roma=
n, Times, serif"><STRONG>
<img border=3D"0" src=3D"http://p=
;ws.prserv.ne=
6;/lancaster/cnnmoney.gif=
" width=3D"144" height=3D"37">
Oil prices soar on Iraqi resistance. Futures up on strong deman=
d
from China and reports of renewed violence.
<a href=3D"http://money.cnn.com/2004/04/12/markets/oil.reut">More...<=
/a></STRONG></font></p><p>
<img border=3D"0" src=3D"http://p=
19;s.prserv.net&#=
47;lancaster/nbc4tv.gif" widt=
h=3D"122" height=3D"32"><b>
<font size=3D"3">In 2003, an average 35 percent increase in gas prices pu=
mped up
average oil company profits nearly 10-fold -- by 926 percent. </font> <fo=
nt size=3D"3" face=3D"Times New Roman, Times, serif">
<a href=3D"http://www.nbc4.tv/automotive/3023316/detail.html">More...</a>=
</font></b></p><p><b><font face=3D"Times New Roman, Times, serif" size=3D"3=
">
<img border=3D"0" src=3D"http://p=
;ws.prserv.ne=
6;/lancaster/reuters_logo.g=
if" width=3D"94" height=3D"35">
OPEC oil producers appear to have lost control of a surge in prices t=
hat
ministers say is being driven by forces out of the cartel's hands.
<a href=3D"http://www.reuters.com/newsArticle.jhtml?type=3DreutersEdg=
e&storyID=3D4645637">More...</a></font></b></p></TD></TR><TR><TD ALIGN=3D"l=
eft" HEIGHT=3D"60"><P CLASS=3D"c3"><em><strong>Financial Analysis</strong><=
/em></P></TD><TD ALIGN=3D"left" HEIGHT=3D"60">
<IMG BORDER=3D"0" SRC=3D"http://p=
;ws.prserv.ne=
6;/lancaster/login.jpg" W=
IDTH=3D"97" HEIGHT=3D"73"></TD></TR><TR valign=3D"top"><TD HEIGHT=3D"1" COL=
SPAN=3D"2"><p align=3D"justify"><b><font face=3D"Times New Roman, Times, se=
rif" size=3D"3">75</font></b><font face=3D"Times New Roman, Times, serif" s=
ize=3D"3"><b>00+ acres of core holdings with an additional 10,000 acres pla=
nned for acquisition.</b></font></p><p align=3D"justify"><b><font face=3D"T=
imes New Roman, Times, serif" size=3D"3">$310+ Million in projected cash fl=
ow at current commodity prices from existing holdings.</font></b></p><p ali=
gn=3D"justify"><b><font face=3D"Times New Roman, Times, serif" size=3D"3">C=
apacity to drill 75+ wells in the next 36 months.</font></b></p><p align=3D"=
justify"><font face=3D"Times New Roman, Times, serif" size=3D"3"><b>Negotia=
tions planned with a major energy capital lender to provide up to $30 milli=
on in financing.</b></font></p><p align=3D"justify"><b><font face=3D"Times =
New Roman, Times, serif" size=3D"3">A</font></b><font size=3D"3" face=3D"Ti=
mes New Roman, Times, serif"><b>n attractive return on investment with natu=
ral gas prices of $2.00, and an outstanding return at $3.00 Current p=
rices are now
over $5.00+ </b></font><b><font size=3D"3" face=3D"Times New Roman, T=
imes, serif"><a href=3D"http://www.wtrg.com/daily/ngfclose.gif">
Chart</a></font></b></p></TD></TR></TABLE></td><td width=3D"334" heig=
ht=3D"963" align=3D"right" valign=3D"top"><TABLE CELLSPACING=3D"0" CELLPADD=
ING=3D"5" WIDTH=3D"315" BGCOLOR=3D"#ffffff" BORDER=3D"0" height=3D"997"><TR=
><TD width=3D"187" HEIGHT=3D"73" ALIGN=3D"center"><em><strong>Corporate Sna=
pshot</strong></em></TD><TD width=3D"108" HEIGHT=3D"73" ALIGN=3D"right" VAL=
IGN=3D"top">
<IMG SRC=3D"http://pws=
.prserv.net/l=
ancaster/confirmation.jpg" WIDTH=3D"=
97" HEIGHT=3D"73" hspace=3D"5" BORDER=3D"0"></TD></TR><TR><TD VALIGN=3D"top=
" ALIGN=3D"left" COLSPAN=3D"2" height=3D"452"><table cellSpacing=3D"0" cell=
Padding=3D"0" width=3D"100%" border=3D"0"><tr><td vAlign=3D"top"><table cel=
lSpacing=3D"0" cellPadding=3D"1" width=3D"100%" height=3D"389"><tr><td heig=
ht=3D"387"><font face=3D"Times New Roman, Times, serif" color=3D"black" sty=
le=3D"font-size: 11pt"><b>Matrix Energy Services Corporation is a North Ame=
rica energy resource company engaged in oil and gas development drilling an=
d production using advanced exploration and recovery technologies on proven=
reserve fields.</b><p><b>Matrix Energy focuses its exploration efforts on =
its significant holdings in Texas. It is redeveloping existing fields in an=
d around Corsicana, Texas and other areas of the region where fields have b=
een partially depleted by conventional production methods; but where signif=
icant, proven reserves of oil and gas still remain. These fields can become=
commercially viable and provide long-term revenue streams utilizing the la=
test technology</b></p><p><b>The Company currently leases 4,500 acres in Ba=
rnett Shale Play in Wise and Denton Counties in northeast central Texas. Th=
e leased acreage is located in the Texas Railroad Commission District 9, co=
nsidered one of the largest gas reserves in North America, with an estimate=
d 40 rigs currently deployed, and over 700 wells drilled the past twenty ye=
ars without a dry hole.</b></p></font></td></tr></table></td><td><img heigh=
t=3D"1" src=3D"http://pws=
6;prserv.net/l	=
7;ncaster/shim.gif" width=3D"5"></td><=
/tr></table></TD></TR><TR><TD ALIGN=3D"center" COLSPAN=3D"2" height=3D"236"=
><P CLASS=3D"c8"><b><em><font face=3D"Arial">Analyst </font></em></b><em><b=
><font face=3D"Arial">Conclusion</font></b></em></P><P CLASS=3D"c8" align=3D"=
left">
<b><font face=3D"Times New Roman, Times, serif"> </font><font f=
ace=3D"Times New Roman, Times, serif" size=3D"3">
Natural gas producers are poised to reap windfall profits as energy p=
rices
remain at their highest levels in 15 years. These higher prices are b=
eing driven
, in part, by recent economic data showing that the global economic
recovery is gaining momentum. Increasing demand for energy to power
overseas economies is forming a strong foundation of price support.
Furthermore, supply is being limited by the recent cuts in production=
by
OPEC. </font>
</b></P><P CLASS=3D"c8" align=3D"left"><b>
<font face=3D"Times New Roman, Times, serif">H</font><font face=3D"Ti=
mes New Roman, Times, serif" size=3D"3">igher
energy prices translate directly into more profits for oil companies.&=
nbsp;
(Remember how this
winter's price spike in natural gas positively impacted MXES's bottom=
line.</font><font face=3D"Times New Roman, Times, serif" size=3D"1"><=
a href=3D"http://pws.=
12;rserv.net/la=
10;caster/MXESWinterSpike.JPG"><img border==
"0" src=3D"http://pws.&#=
112;rserv.net/la&#=
110;caster/chartq.gif" width=3D"16" height==
"16"></a></font><font face=3D"Times New Roman, Times, serif" size=3D"3">)&n=
bsp; Energy analysts are expecting another price spike right around the
corner, just before this summer's driving season. </font></b></P><P C=
LASS=3D"c8" align=3D"left"><b><font face=3D"Times New Roman, Times, serif">=
<img src=3D"http://pws=
.prserv.net/l=
ancaster/receipt.jpg" width=3D"134=
" height=3D"76" border=3D"0"></font><font face=3D"Times New Roman, Times, s=
erif" size=3D"2">Editing Chairman</font></b></P></TD></TR><TR><TD ALIGN=3D"=
center" COLSPAN=3D"2"> </TD></TR></TABLE></td></tr></table></td></tr><=
/table><p CLASS=3D"c8"><font color=3D"#4E4E4E" size=3D"2" face=3D"Arial">&n=
bsp;<a href=3D"http://pws=
6;prserv.net/l	=
7;ncaster/Service.htm">voluntary
disclosure</a> <a href=3D"http://=
2;ws.prserv.ne=
16;/lancaster/Service.htm=
">email
preferences</a></font></p><p CLASS=3D"c8"> </p></BODY></HTML>
