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Gold/Mining/Energy : Canadian Oil & Gas Companies
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To: dumbo who wrote (6011)2/11/1999 2:31:00 AM
From: VisionsOfSugarplums  Read Replies (2) of 24925
 
Rumours going around pretty much agree with what you're saying. If a large company buys, there may be more of a chance for a price close to NAV, however the likelihood of this is very much in the air. Using their last prospectus and current reserve and debt numbers, I see NAV in the range of $6 to $8.50, depending on your assumptions. Lots of people will take a loss even at these prices. Current trading makes it look doubtful that REL s/h will get this much (and I'm one of them).

Regards, t.
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