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Gold/Mining/Energy : Strictly: Drilling and oil-field services -- Ignore unavailable to you. Want to Upgrade?

To: Think4Yourself who wrote (47643)	7/9/1999 9:15:00 AM
From: James Cherney	Read Replies (1) \| Respond to of 95453

Lingerfelt...KEG too big to fail... And oil @ $18-20 breathes new life into a giant thats digesting recent acquistions. Yeah it depends on oil companies increasing spending so KEG and other highly leveraged cos can pay down debt. Cloud with silver lining is that Keg has tax relief (interest deduct). The Key with KEG, IMHO, is keeping acquisition hungry mgt's hands in their pockets while mkt conditions improve...Again hedge is big question I have trouble answering...what did KEG have to give up to PNC Bancorp for such massive borrowings ? BTW...Did you look at GOU??? I think from reading your posts GRL may hold some interest for you...jrc