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Gold/Mining/Energy : Canadian Oil & Gas Companies

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To: Serge Collins who wrote (5657)	12/4/1998 11:11:00 AM
From: Alastair McIntosh	Read Replies (1) of 24927

Kerm and Serge, re: Remington Does anyone have the terms of the CD offering? The major factor is of course the conversion price. You are right Serge. The drop in share price appears to be too severe considering the reduction in the $300MM bank debt. The $20MM private placement announced earlier has actually increased the book value/share. I have not heard about any production problems. The impression I have is for increased production (as yet unquantified) for 1999 at increased selling prices. In my opinion Remington is one of the most undervalued Canadian oil/gas producers. Al

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