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

To: Kerm Yerman who wrote (3999)	10/30/1997 5:58:00 PM
From: Gulo	Read Replies (1) \| Respond to of 24933

Kerm, Paul/ Backer finished their second quarter (ending June 30) report on Aug 28. Since the last two reports were completed two months after the quarter end, I would expect the third quarter (Sept 30) report to be out at the beginning of December. The high PE attributed to the company is the result of lower capital spending and the sale of some investments in 1996. The fully diluted EPS was 2.8 cents for the first half of 1997 compared to 16.79 cents for the full 1996 year. As a rule, a reported PE of 4 or 5 can be assumed to result of one-time items. Overall, BCM is growing slowly, but is worth looking at. Their share in the Darwin gas field will add 250-300 BOE and bring their oil and gas ratio to about 50/50 from its current emphasis on oil. Call Alison Alfer, the company's "Manager, Coummunications" at 604-669-8831 Hope this helps. ae