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Gold/Mining/Energy : Tracer Petroleum (TCXXF)
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To: virginijus poshkus who wrote (842)11/8/1998 11:54:00 PM
From: Saracen  Read Replies (2) of 1261
 
Virgin:

I agree - the company should liquidate everything that it can in Indonesia, and use the proceeds to buy some good quality cash-flowing plays, oil and/or natural gas, in Canada or the U.S. There are a tremendous number of properties available because of the large number of companies that are selling properties to raise the cash to pay down debt (Gulf Canada is a prime example).
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