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Gold/Mining/Energy : Canadian Oil & Gas Companies -- Ignore unavailable to you. Want to Upgrade?

To: Craig C who wrote (6723)	8/17/1999 3:05:00 PM
From: Cal Gary	Read Replies (1) \| Respond to of 24910

Sorry to see Poco bite the dust. With accounting earnings down, poor stock performance and higher gas prices, the writing was on the wall. I'm wondering why management sold out so easily. Production was good (about 490 million cubic feet/d), increased cashflow, and revenues increasing. IMHO, $16.87 for paper sounds a bit cheap. Added to that, there was no auction for it. Now if it were for $$, then that's a different story. Craig, you're probably right, Poco will trade at a small discount to the offer, IMO. 48 mill shares traded so far today.