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Gold/Mining/Energy : Canadian Oil & Gas Companies -- Ignore unavailable to you. Want to Upgrade?

To: Bearcatbob who wrote (8827)	4/5/2002 12:07:34 AM
From: Richard Saunders	Read Replies (2) \| Respond to of 24921

Bearcat - PEY Peyto & debt. There's a Mar.04 filing at SEDAR that presents numbers for year ended Dec.31 Here are some numbers -- verify everything. The news release is also at newswire.ca Debt at Dec.31 -- $58,945,472 Working Capital deficiency -- $4,585,000 (rounded) Line of credit limit at Dec.31 -- $60mil. Line of credit limit just before Mar.'02 -- $80mil. Line of credit limit March 25,2002 -- $100mil. Capex in 2001 -- $79.9mil. Capex forecasted for 2002 (to be funded by cashflow & available bank line) -- "70 to $100mil." I haven't watched PEY closely for whatever reasons however did see something out of Nesbitt Burns in late March. Numbers being spieled by analyst Todd Kepler (403) 515-1513 seemed to indicate that debt & w.c. deficit was approx. $90mil. Stock was rated Mkt. Perform with a $5.50 target shown. I haven't back checked to see how the analyst has called the situation to date however somewhere in old archives I've the detail that could verify the historic record. The situation has done very well to date and no one can take that away. Interesting days ahead too?