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


To: kingfisher who wrote (6993)11/29/1999 10:21:00 PM
From: Craig C  Read Replies (1) | Respond to of 24920
 
Three takeovers in one day....Did these guys all go to a curling bonspiel this past wkd????

BKP takes out SYO
Avid picks up whatever Big Bear had (thanks Tonkin please move into another line of work)
Hunter buys Kintail

Quick math on the Hunter deal looks like a great one for Kintail shareholders. 7x annualized 3rd Quarter cash flow and almost 1 million per BCF of reserves.

Is this the start of a feeding frenzy in the patch ?? are we at the point were it may be easier to aquire someone at depressed stock prices than drill for production/reserves??

Hope this trend keeps up may be the only way to get value for one's holdings.....