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Gold/Mining/Energy : first star energy FST on the ASE -- Ignore unavailable to you. Want to Upgrade?

To: Moneysmith who wrote (560)6/26/1998 9:53:00 PM
From: Michael M. Cubrilo  Respond to of 754
 
Ken, a buy recommendation was put out on RTA buy a Cannacord newsletter. RTA is supposed to have a deep well completed last year on production this August (6mmscfd net to RTA), while a recent gas well flowed 25 mmscfd at surface, according to RTA. Debt load is high, and debt to CF ratio is almost 3.6, but the chart looks like accumulation and a turnaround may be happening. RTA is near its 52 week low.

Regards,

mike


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