tcptrace-bugs Before the Bell: (MXES) Oil Prices Soar.

From: Savvy Investor Newsletter (
Date: 02/21/04

Message-ID: <00003fc05d44$00001fc2$>
From: "Savvy Investor Newsletter" <>
Subject: tcptrace-bugs Before the Bell: (MXES) Oil Prices Soar.
Date: Sat, 21 Feb 2004 18:24:42 01800

Special Edition of The Savvy Investor
Each month The Savvy Investor analysts study, research, and examine hundreds of stocks, in an effort to pinpoint the one with the most promise. 

This month's pick: Matrix Energy Services Corp

Symbol: MXES

Recent Trading Range: $.089

Opinion: Strong Buy

In Related News:

  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. More...

 Supply concerns hike oil prices.  Energy group says OPEC's planned output cut will keep supply tight. More...

  For producers, it's a grand time because robust gas prices fatten their bottom line. More...

  U.S. oil prices stuck above $35 a barrel. Soft dollar, tight gasoline forecast support market More...

Financial Analysis

7500+ acres of core holdings with an additional 10,000 acres planned for acquisition.

$310+ Million in projected cash flow at current commodity prices from existing holdings.

Capacity to drill 75+ wells in the next 36 months.

Negotiations planned with a major energy capital lender to provide up to $30 million in financing.

An attractive return on investment with natural gas prices of $2.00, and an outstanding return at $3.00  Current prices are now about $5.00+ Chart

Corporate Snapshot
Matrix Energy Services Corporation is a North America energy resource company engaged in oil and gas development drilling and production using advanced exploration and recovery technologies on proven reserve fields.

Matrix Energy focuses its exploration efforts on its significant holdings in Texas. It is redeveloping existing fields in and around Corsicana, Texas and other areas of the region where fields have been partially depleted by conventional production methods; but where significant, proven reserves of oil and gas still remain. These fields can become commercially viable and provide long-term revenue streams utilizing the latest technology

The Company currently leases 4,500 acres in Barnett Shale Play in Wise and Denton Counties in northeast central Texas. The leased acreage is located in the Texas Railroad Commission District 9, considered one of the largest gas reserves in North America, with an estimated 40 rigs currently deployed, and over 700 wells drilled the past twenty years without a dry hole.

Analyst Conclusion

   In conclusion, a multitude of factors signal our positive outlook on MXES. 

  Natural gas producers are poised to reap windfall profits should prices retain their strength. Furthermore, recent economic data confirms that the global economic recovery is gaining momentum. Finally, the demand for energy is increasing thus forming a solid foundation of price support.

Higher energy prices translate directly into more profits for MXES, consequently this company takes the spotlight for creating value.  Remember, this winter's price spike in natural gas positively impacted MXES's bottom line. Energy analysts are expecting another price spike right around the corner, just before the summer's driving season.

Editing Chairman


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