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Gold/Mining/Energy : Canadian Oil & Gas Companies
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To: jerry sigalow who wrote (5092)5/27/1998 4:07:00 AM
From: Kerm Yerman  Read Replies (1) of 24925
 
Jerry / Pan East Pete

It would appear that the well in the BullMoose area of BC coupled with declining natural gas prices are the recent reasons for the current decline in share price. Also, shares had a very good percentage gain from the early year lows to recent levels before the recent decline.

Shares fell back last year due to a more than anticipated decline in production rates in one of their core areas. However, the company has rebounded quite nicely and are producing 30% more than they averaged for all of 1997. The remaining program for 1998 is not to be taken lightly. They have good properties, money and the industry partners which will enable the company to achieve greater success. I continue to like the longer term potential of this natural gas player.

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