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Gold/Mining/Energy : Hegco Canada Inc. -- Ignore unavailable to you. Want to Upgrade?

To: READE SMITH who wrote (2303)9/30/2001 11:59:14 AM
From: Ed Ajootian  Respond to of 2316
 
With natgas prices tanking as they are, do you think HEG may have to shut-in these marginal producers? I believe a half an mmcf a day would not even pay for the well production costs at current natgas prices.

The release said they would crank the wells up later. Hopefully this will work.



To: READE SMITH who wrote (2303)10/27/2001 11:53:53 AM
From: Ed Ajootian  Read Replies (1) | Respond to of 2316
 
Scratch my previous post. Now that natgas seems to have come back over $3 this company looks like it is in great shape. Isn't it amazing what a month can do!!

I am looking to buy more stock but am hesitant due to the fact that they still have yet to file their financials for the quarter ended 6/30. I would like to see how the balance sheet looks at this point. The 3/31 balance sheet was a horror show but obviously is now outdated.


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