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

To: RIK who wrote (4189)	11/20/1997 3:58:00 PM
From: Serge Collins	Respond to of 24935

RIK, I wish you the best with NPP. The company is a little expensive at these prices, unless of course the company is successful with some of its plays. The company is sporting a market cap of $400 million and has debt of close to $100 million. Their cash flow looks like it will come in under $70 million for this year. I would think that it is appropriately priced, however, if their strategy does not pan out or the price of oil continues to fall, the stock price will be half what it presently is by the summer. Good luck.