Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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: russet who wrote (82884)	12/28/2000 2:30:50 AM
From: tommycanuck	Respond to of 95453

Makes a person wonder why a company like Duke does want to sell when it got its position for around $1.35 USD making the overall purchase pretty cheap. This company has been for sale for at least 2 years. It was built by a management team that 100% of their gas forward 2 years ago for $2.10 CDN and then after realizing gas was moving up they sold the second year out so that the average was moved up to $2.34 CDN. Why? To make matters worse production estimates were not met and they ended up buying gas on the open market to meet their required deliveries. How many other companies of significance have been purchased in Canada in the last 2 years? 10? 20? 30? Maybe the same management that built the company has other wonders that are only uncovered by those with access to the data room (which has been open a loooooong time). Imho the fact that Duke is involved in the company is a saving grace, has turned the company around somewhat and gives it a chance to be sold, and with gas trading where it is maybe it finally will be sold. But it still makes you wonder. On another front the BKP deal looks awfully cheap. The rumor has always been Alberta Energy. Looks like the Ulster Petroleum deal all over again especially since the companies with good assets are disappearing.