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

To: oilfinder who wrote (4508)	1/16/1998 12:51:00 PM
From: Kerm Yerman	Read Replies (1) \| Respond to of 24928

MIKE / Northstar Energy In my opinion, Northstar Energy is a good company to be accumilating shares in, especially less than $8.00 a share. The company is one (quite possibly is #1) of the lowest cost producers among their peers. I think you have made a super move. Here's what I have; Date: January 8th Gordan Capital Morning Notes Northstar Energy Corporation (NEN-T:$8.55) BUY Northstar has sold its 48% working interest in the Windsor co-gen facility for $72.5 million. Proceeds will be used to reduce debt which at Q3 stood at $460 million. We expect debt at the end of the year of 1998 to stand at $440 million, or 2.8x 1998 cash flow. We are currently forecasting fully diluted CFPS of $2.10 in 1997 and $2.25 in 1998. (1998 forecast is based on WTI of US$18.50). ---------------------------------------------------------------------- Nessbit Burns Red Book Using cash flow forecasts provided by recent Nesbit numbers, I made the folloing note. This does not factor in recent developements. STK COMPANY ( 52-WEEK )PRICE (CASHFLOW/SHARE) (CF/PMULTIPLE) SYM NAME HIGH LOW 02/09 1997 1998 1999 97 98 99 NEN Northstar Energy 17.00 8.05 8.05 2.17 2.52 2.69 3.7X 3.2X 3.0X ----------------------------------------------------------------------