Scimitar Hydrocarbons, SIY:ASE Message Board

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Gold/Mining/Energy : Scimitar Hydrocarbons, SIY:ASE

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To: Walter N. Schreiner who started this subject	7/28/2000 2:36:56 AM
From: Blaumax	Read Replies (1) of 864

Okay, insomnia aside, the best thing about this company isn't the upcoming Thermal program. It's the way Angus has built this company with no debt. A case in point is Remington Energy. Great properties, high debt load and when oil went south, company got sold at firesale prices. In retrospect, Scimitar was making money when oil was at $12.00USD/Barrel. The ability to survive any economic downturn when you're a junior oil company is crucial. I think Angus has seen enough of these scenario's to protect and enhance Scimitar's shareholder value. Looking forward to the Thermal program but IMHO, there is more than enough oil in the Nukul/Garandhal zones to further enhance shareholder value in it's own right. And.....isn't TK buying a lot of SIY at these bargain prices? Verrrrry Interesting!!!

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