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Gold/Mining/Energy : Canadian Oil & Gas Companies

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To: Kerm Yerman who wrote (6426)	5/18/1999 3:06:00 AM
From: Craig C	Read Replies (1) of 24892

Kerm - when looking at NRK the shares are selling under 6x cf , where as RioAlto is greater than 7x. If anything the Unocal arrangement will put a floor under the stock price. Just wait for those experts to be qouted in the paper this winter saying NRK will be a prime takeover for Unocal. Watch for Unocal to be involved in the expansion of NRK drilling. Hopefully NRK can get the debt at a reasonable 2x cf soon. When you compare Can gas comp's versus US gas comp's our shares trade at a discount. Just a thought..

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