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

To: Kerm Yerman who wrote (5522)	10/23/1998 10:02:00 PM
From: Syncrude	Read Replies (1) \| Respond to of 24892

Kerm Re: Probe Explorations (PRX) The latest Investor's Digest (1998 10 23) shows that 7 firms have an opinion on the company and all 7 have a buy recommendation. The consensus cash flow for the current year is $0.49 and for the next year $1.13.

To: Kerm Yerman who wrote (5522)	10/24/1998 12:47:00 AM
From: Marc Fortier	Respond to of 24892

Kerm, thank you for your response. Now, I feel more secure with my investment, particularly regarding the debt situation. As I said before, I don't know well the oil industry and my main concern about Probe was the balance sheet. I thought that the company looked highly leveraged. I see that there are very valuable assets against this debt. Of course, it explains why management has used such leverage in the first place - as well as the stock dilution that has taken place in the mean time. Best regards, Marc