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Gold/Mining/Energy : Canadian Oil & Gas Companies
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To: TheMajor who wrote (6091)2/24/1999 1:02:00 PM
From: VisionsOfSugarplums  Read Replies (1) of 24925
 
Not a good time for the oil industry, that is for sure, and especially for those companies with heavy debt.

Dominion stated that the REL acquisition would be immediately accretive - which just goes to prove the price is too low (to REL only). Lack of bargaining power is definitely a killer.

Regards, t.
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