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Re: bigpike post# 115

Thursday, 04/20/2006 8:22:46 PM

Thursday, April 20, 2006 8:22:46 PM

Post# of 126
Latest QIS comments:
QIS CAPITAL Comments:

Rival continues to grow at a steady pace on a year-over-year basis. Growth over the last 6 months has been marginal due to natural declines, rig availability, and the loss of a few producing wells. This will also impact Q1 numbers. However, Rival is expected to continue to show growth in 2006 directly through the drill bit and could accelerate this growth on the acquisition front. The company is trading at approximately 3.0 to 3.5 times anticipated cash flow for 2006 and at a discount to net asset value of $1.99 per share.

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