SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : Strictly: Drilling and oil-field services -- Ignore unavailable to you. Want to Upgrade?


To: que seria who wrote (71031)8/16/2000 3:21:01 PM
From: Think4Yourself  Respond to of 95453
 
Patina Oil and Gas to become debt free? That HAS to be an industry "first"! Regardless they just added $3.4 million to their bottom line.

Patina Calls 8.5% Preferred

biz.yahoo.com

The conversion will enhance the liquidity of our common stock and eliminate $3.4 million of fixed charges annually.
...
In the absence of a significant acquisition or equity repurchase, the proceeds and our current level of free cash flow should allow the Company to be debt free by late 2001.''