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Gold/Mining/Energy : Big Dog's Boom Boom Room

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To: CpsOmis who wrote (3815)8/28/2001 12:50:15 PM
From: jim_p  Read Replies (2) of 206310
 
Cps,

Darden is already on record of saying if the Canadian JV is commercial, KWK will need to raise equity to develop the JV.

This would be a disaster for current shareholders even if it was possible, which I don't believe it would be in todays market.

If the JV is not commercial, it will be a bigger disaster for the common stockholders.

Here is a list of what other leveraged stocks are currently selling for today:

ABP 106% selling at 1.17 times cash flow

KCS 106% selling at 1.58 times cash flow

BNO 93.96% selling at 1.08 times cash flow

PNO 90.83% selling at .74X cash flow

MSSN 67% selling at 1.36 times cash flow

RRC 62.84% selling at 2.20 times cash flow

And then we have KWK:

KWK 81.24% selling at 7 times cash flow.

Still lots of money left in this one for the shorts.

Short KWK?

Jim
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