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Gold/Mining/Energy : Alliance Energy Inc. - AEI :CDNX -- Ignore unavailable to you. Want to Upgrade?


To: Berry Picker who wrote (2)12/16/2000 8:49:07 PM
From: Richard Saunders  Read Replies (1) | Respond to of 6
 
elect - your YBZ mention. Took a quick glance & there are over 58mil.shares o/s. W.C. deficiency seems significant & noticed for last 9 month period co. paid significant g&a including more than us$1/2mil in interest alone. What am I missing? Agree story sounds zippy but fundamentals?



To: Berry Picker who wrote (2)12/17/2000 11:17:16 AM
From: oilfinder  Respond to of 6
 
No one cares because it is a typical western Canadian junior oils stock which suffers from;

1) Illiquidity
2) Drilling high initial production (IP) rate wells in Saskatchewan which decline very quickly. Thus a "treadmill company" which cannot sustain high rates over the long term
3) Management credibility. This particualr management has never delivered in the past.

Oilfinder