Canadian Oil & Gas Companies Message Board

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Gold/Mining/Energy : Canadian Oil & Gas Companies

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To: Kerm Yerman who wrote (5785)	1/1/1999 9:52:00 PM
From: Kerm Yerman	Read Replies (1) of 24892

Jimsy / Big Bear In reference to comments at Kerm's Korner. Big Bear is definitely a bottom fishing affair. I have been waiting for a reverse split announcement to bait my hook and shortly thereafter will take a serious look at the company. Even though this is currently a penny stock, due diligence is definitely a requisite before investing here. Blue Range did't come up with a white knight which would indicate to me that there is a problem somewhere within their operations. I remember something was said about serious declines in production. I would like to dig further into that subject before taking a plunge. I also would need to explore their debt situation. On the positive side, Big Bear's management is experienced and quite capable. The brokerage community thought the change in management was a good situation and would enhance share value. This is an interesting situation to watch. They do need a good winter drilling season to increase their cash flow and drilling results is key for progress throughout 1999.

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