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

To: The Fix who wrote (5258)	7/22/1998 2:09:00 AM
From: Kerm Yerman	Read Replies (1) \| Respond to of 24905

The fix / Winsor Energy Winsor Energy remains somewhat of a mystery to me. I don't know why shares have drifted so low. They have decent production from the West Coast. I do know they had primarily played out their initial land holdings, but I was also under the impression they acquired more acreage. In regards to other new properties, I don't know the true potential of them. I could never get a fix on the net asset value of the company due to the way it was reported. One thing I would want to check into are declining rates of the wells they put on stream last year. Another consideration would be drilling plans on the West Coast in and around their previous locations. Bottom line is that reinvestment into the company would require an in depth conversation with the company. Keep in mind, Winsor is primarily an oil producer and these type companies have and continue to be hit hard.