Trigas (TGX on TSE) Message Board

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Gold/Mining/Energy : Trigas (TGX on TSE)

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To: Stallion who wrote (6)	3/3/1998 2:01:00 AM
From: Richard Saunders	Read Replies (1) of 14

Stallion/ just fired you an offline response too. Report (imo) was interesting and quite seasonal (released 9 days before Valentines Day). Some rosiness included. I believe most growing oil/gas producers have a reasonable idea of what to expect for estimates, etc. for the next 4 qtrs. however whenever I see analyst assumptions for 2 years out I'm leary. As mentioned, tgx has 30mil shares o/s so for every $0.10 stock price move the market cap. is changing by $3mil. That too will eventually (imo) add some resistance to the recipe. At the moment Trigas has NO LT DEBT which is a very good thing. It will be interesting to see the '97 annual and find out how op. costs and net asset value, etc. have been moving. My tho'ts, you asked.

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