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

To: RIK who wrote (7229)4/5/2000 8:41:00 PM
From: kingfisher  Respond to of 24927
 
Ranger Oil engages financial advisers

Ranger Oil Ltd RGO
Shares issued 126,001,763 Apr 5 close $6.95
Wed 5 Apr 2000 News Release
Mr. F. Dyment reports
The board of directors of Ranger Oil Limited has engaged financial advisers
to assist the company in reviewing various alternatives to maximize
shareholder value. The options to be considered will include merger
opportunities, restructuring the existing operations and the outright sale
of all or part of the company.
In arriving at this decision, the board feels that the current market price
for Ranger's shares does not reflect the underlying value of the company's
assets and future prospects.
The board has retained RBC Dominion Securities Inc., Credit Suisse First
Boston Corporation and Harrison Lovegrove & Co. as financial advisors.
(c) Copyright 2000 Canjex Publishing Ltd. canada-stockwatch.com



To: RIK who wrote (7229)4/5/2000 8:57:00 PM
From: kingfisher  Read Replies (1) | Respond to of 24927
 
Wonder who will be next?
Magin looks dirt cheap but stock action does not indicate any interest.
If East Lost Hills comes in Elk Point could be a target
trading at only 3 times cash flow.

Any ideas?

Richard


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