Canadian Oil & Gas Companies Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Canadian Oil & Gas Companies

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Kerm Yerman who wrote (4623)	2/6/1998 9:12:00 PM
From: Syncrude	Read Replies (1) of 24905

Windsor Energy: Kerm, I am not sure if it was you who first mentioned Windsor Energy on this thread. In any case, have you looked at the recent events at WNS? They will roll key properties into a new entity Winfield Energy and retain 50% of it (Stanton Capital other 50%), plus keep other properties, plus have $175mm CDN cash, plus $22mm CDN in pfd shares of Winfield Energy, plus 20% of Q Energy and will have no debt. It has 32,874,477 shares outstanding on a fully diluted basis and last traded at $6.70. I calculate that it will (when/if deal closes) have over $5.00CDN cash per share. Am I missing something here? They tendered their 21% interest in Nugas to Tarragon last year. The properties rolled into Winfield include the Rincon field (20,7mm bbls oil and 18.1 bcf of gas proven plus 28mm boe probable), Hermosa field (50% of 30mm bbls probable), SMK Energy and sundry properties.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next