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Gold/Mining/Energy : Canadian Oil & Gas Companies

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To: Craig C who wrote (6427)5/18/1999 5:18:00 PM
From: Kerm Yerman  Read Replies (2) of 24892
 
Craig / Northrock Resources

Current Price $13.60
Northrock is selling at;

4.5X 1999 cash flow ($3.00)
3.9X 2000 cash flow ($3.50)

Debt at year end 1999 will be 2.0 cash flow, the best among their peers.

Borrom line: Shares are good value for investment. My personal 12 month price target is $20.40. (50% Appreciation)

Expect price weakness over next 2-3 weeks.
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