KERM'S KORNER 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 : KERM'S KORNER

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Kerm Yerman who wrote (13628)	11/20/1998 12:29:00 PM
From: Kerm Yerman	Read Replies (44) of 15196

IN THE NEWS / Forward sale not related to takeover, Blue Range says Financial Post Blue Range Resource Corp. said yesterday the forward sale of 12.5% of its natural gas production is not meant to make the company look "better or worse" while it attempts to fend off a hostile takeover bid from a rival company. Gordon Ironside, president of the mid-sized natural gas firm, said the five-year sales agreement with the Canadian unit of Enron Corp. has been in the making for some time and is part of the company's normal course of business. Blue Range is fighting a hostile takeover bid from smaller oil industry competitor Big Bear Exploration Ltd. Under the sales agreement, Blue Range has sold 15 million cubic feet a day of natural gas from northeastern British Columbia at $2.57 per thousand cubic feet. Last week, Big Bear launched a hostile $194-million stock offer for Blue Range, plus the assumption of $105-million in debt.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next