Canadian Oil & Gas Companies Message Board

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Gold/Mining/Energy : Canadian Oil & Gas Companies

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To: Yarek Szolomicki who wrote (6606)	6/25/1999 5:47:00 PM
From: Kerm Yerman	Read Replies (1) of 24905

Yarek / PRX I think they are and will be for some time in a cash crunch position. However, their chances of survival has improved with better commodity pricing. Keep in mind, this is a company that ended the first quarter with cash flow of only 3.1 million and had long term debt + a capital deficiency of over 30 million smackeroos. It will be interesting to see what is reported this current quarter in relation to advanced natural gas sales. Tread carefully here. Even with survival, growth will be severely restricted.

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