http://www.csfb.com/images/new_logo.gifCSFBCredit Suisse First Boston Corporation.AnalystSmithPhillipZPhillip Z Smith CFAResearch AnalystEquity Researchhttp://www.csfb.com/equityresearch/USenergySector Homepage1713 220 1234phillipsmith@csfb.com600 Travis StreetSuite 3030HoustonTexas77002-3003usAnalystJonesTracyATracy A Jones CFAResearch AnalystEquity Researchhttp://www.csfb.com/equityresearch/USenergySector Homepage1713 220 1234tracyjones@csfb.com600 Travis StreetSuite 3030HoustonTexas77002-3003usAnalystFieldsArunArun Fields CPAResearch AnalystEquity Researchhttp://www.csfb.com/equityresearch/USenergySector Homepage1713 220 1234arunfields@csfb.com600 Travis StreetSuite 3030HoustonTexas77002-3003ushttp://www.csfb.comCredit Suisse First Boston HomePage1212 325 2000Eleven Madison AvenueNew YorkNew York10010usCredit Suisse First Boston Corporation is an Investment Bank and part of the Credit Suisse Group.The Beauty of OklahomaWe recently initiated coverage of Oklahoma Energy with a Buy rating and a 12-month target price of $100, assuming 6.0 times our 2002 EBITDA estimate. Depending on the duration and magnitude of the current, strong price environment, we believe upside to the $100-200 range is possible because of strong free cash generation. This document discusses the performance of OKL and its future prospects.12application/pdfCSFBOklahoma280201.pdfEarningsReviewUnited StatesReport2001-05-28T00:00:00.00USDCSFB1000000000.00NYSEUSDCSFB99.99USDCSFB100USDCSFB2.00USDCSFB1.00USDCSFB0.75USDCSFB100USDCSFB90USDCSFB0.25USDCSFB0.25USDCSFB0.25USDCSFB0.25USDCSFB0.50USDCSFB0.50USDCSFB0.25USDCSFB0.80CSFB25.5%USDCSFB970000000Oil & Gas Exploration & ProductionOil & GasEnergyEnergyEquity StockCommonBuy54321Oklahoma Energy CorporationOklahoma Energy Corporation is one of the 10 largest public independent natural gas producers in the United States with proved reserves of 1.6 trillion cubic feet of natural gas equivalent.Credit Suisse First Boston, and its subsidiaries and affiliates, 2001. All rights reserved.This report is not directed to, or intended for distribution to or use by, any person or entity who is a citizen or resident of or located in any locality, state, country or other jurisdiction where such distribution, publication, availability or use would be contrary to law or regulation or which would subject Credit Suisse First Boston or its subsidiaries or affiliates (collectively "CSFB") to any registration or licensing requirement within such jurisdiction. All material presented in this report, unless specifi-cally indicated otherwise, is under copyright to CSFB. None of the material, nor its content, nor any copy of it, may be altered in any way, transmitted to, or distributed to any other party, without the prior express written permission of CSFB. All trademarks, service marks and logos used in this report are trademarks or service marks or registered trademarks or service marks of CSFB.
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