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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: pater tenebrarum who wrote (97659)4/24/2001 9:58:04 PM
From: Haim R. Branisteanu  Read Replies (1) of 436258
 
Heinz, see their 10K for PNO, I am helping them to secure a new credit line. The stock is a direct leverage to oil prices. The bank debt is relatively small but Carl Icahn controls $100 million in subordinated debt.

Oil and gas reserves are around $130 at present prices and the stock reflects the value of equipment. If gas and oil prices go up several dollars the stock can double.

Do not get fooled by the P/E because if oil prices are going down they will lose money and the stock may go to pennies.

Haim
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