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

To: SofaSpud who wrote (6906)	10/19/1999 11:46:00 PM
From: Craig C	Respond to of 24940

MEL : do not know either why halted....i hope your not right about the bank situation. Canadian investors are so facinated by debt to cash flow (mel around 2.7) that our market has killed a few oil stocks. In the usa some companies similar to merit or larger will trade at high multiples like 6x. One of the major reasons why americans are coming in and snapping up our resources as they will get a better value in the american market. In regards to Merit I hope the company will come forward with a company update on production levels tomorrow. Company is around 200 million (debt+share value) making production value around $22,000 flowing barrel based on 9,000 BOED. FWIW