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

To: Syncrude who wrote (4627)	2/6/1998 10:06:00 PM
From: Kerm Yerman	Respond to of 24905

Patrick / Windsor Energy Yes, I've been in and out of Windsor Energy. What they have done in a relative short period of time is amazing. I have often wondered why the market hasn't recognized their efforts. I think one of the reasons may be the way they presented themselves and how they calculated their net asset value. Another reason may involve the life of their reserves. I'm not sure what the direction is going to be beyond the current interests they have in operations. The Rincon play is now limited. It will be interesting to learn what they will do with their cash resulting from their recent deal. I have been in contact with the company prior and I found them to be very informative. The first thing I would do if I was to be brought up to date -- is to get a grip on their net asset value without the cash component.