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Gold/Mining/Energy : Magin Energy-MGY on TSE -- Ignore unavailable to you. Want to Upgrade?

To: kingfisher who wrote (85)	11/15/2000 8:21:24 AM
From: Craig C	Read Replies (1) \| Respond to of 92

R.Barbe - had Magin for several years its production just can't get over 10,000 bopd. If someone bought out mgy at say 4/share+DEBT total cost would be about $230 million. At say $45 canuck bopd you can pay this out in 1.5 yrs..... If I was to guess who should take these guys out would be someone who's production is at the 5-10 thousand bopd level with little debt or shares outstanding... Compton wells start out at 5 million mcf/day and they have two drills working there now....from the conf call. The call lasted less than half hour with maybe ten questions asked...ho hum. Craig