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Gold/Mining/Energy : Canadian Oil & Gas Companies

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To: Bobby Yellin who started this subject	4/28/2002 5:04:59 PM
From: Bearcatbob	Read Replies (1) of 24914

My perspective on Osprey: The next few months will tell. If the money gets the UPR wells back on production the leverage is fantastic. The movement of management to Louisiana is a very good sign - IMHO. In a way movement to Louisiana smells like Petroquest to me. In addition there have been some very large volume trading days lately showing someone is interested. If one estimates 16 million shares and a US price of less than .30 - the market cap is less than $US 5 million. If the wells flow - the leverage is obvious. Not to look at that leverage is a mistake. And Kerm - I would request you look at the shares and note the low level of debt. Debt is what killed Probe - remember? Bob Bob

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