Canadian Oil & Gas Companies Message Board

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Gold/Mining/Energy : Canadian Oil & Gas Companies

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To: Kerm Yerman who wrote (6398)	5/6/1999 3:14:00 AM
From: Craig C	of 24925

Kerm - Poco share price has stumbled for many months now, especially when compared to say Paramount or Rio Alto. Based on cash flow Poco must be trading under 5x. For what its worth I think the experts (?) think Poco paid to much for the companies they picked up this past year. Therefore no one is banging the drum to buy them. I do know they are still drilling with three-four rigs working as of two weeks ago. I believe there debt is high around 2.5-3x CF so maybe that is a weight on the share price. I'm still holding my shares. Next winter gas maybe a good area to be in. Watch those storage numbers out of the states every Thursday and see how inventories are building. I have been watching the last few months and the numbers are weak in comparision to previous year. FWIW. Take care Kerm.

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