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

To: Syncrude who wrote (5588)	11/16/1998 5:15:00 PM
From: oilfinder	Respond to of 24925

Don't apologize for butting in! I am looking for as much feedback as I can before I jump in (or not). Thanks, your comments are appreciated MD

To: Syncrude who wrote (5588)	11/16/1998 6:41:00 PM
From: Lorne Larson	Read Replies (1) \| Respond to of 24925

I was interested in your comment regarding posting probable reserves at a 50% discount. It seems to me that some companies discount and some don't, which I have always found confusing. You seem to have to actually dig through the Annual Report to be sure. I'm less than impressed with a bid at a discount to market, where the bidder then trashes the company. Nice tactic - if he can drive the price down he stands a better chance of having his bid accepted. I'd like to see this guy present some hard facts, such as which particular reserves shouldn't have been booked and why not. So far all we have is a lot of rhetoric.