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


To: RIK who wrote (6917)10/28/1999 12:05:00 AM
From: Kerm Yerman  Read Replies (2) | Respond to of 24940
 
RIK / NRK

I believe the average production for the year dropped about 500 bbls/d in the third quarter. That, combined with a bad market, is probably the reason for steep decline in share price. A couple analysts lowered their 2000 cash flow projections - but cash flow multiple for year 2000 is very reasonable.

Look for production recovery in fourth quarter. I need to firm up details, but I think I'm a buyer at this level.