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Gold/Mining/Energy : Canadian Oil & Gas Companies

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To: Kerm Yerman who wrote (72)	8/15/1996 2:31:00 AM
From: Richard Saunders	of 24925

Appreciate your work on the Cdn. oil/gas patch stocks..... A possible "start-up" to junior type of stock? RAIDER RESOURCES - RDR on the Alberta exchange. Price has been drifting around the $0.12 to $0.14 range. Estimated cash flow for '96 should be around $0.05 cdn. My rule of thumb is be wary of jr. oil/gas stocks with P/CF of 4+. Increasing production & reserves may result in higher ratio. I have a position in RDR. RDR.

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