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Gold/Mining/Energy : American Eco (ECGOF, ECX on Toronto exchange) -- Ignore unavailable to you. Want to Upgrade?

To: Zeev Hed who wrote (2780)	12/21/1998 9:17:00 PM
From: Hawkmoon	Respond to of 2841

Zeev, I believe that they were paid off as a result of the $120 million bond issue earlier this year. This company still carries a lot of debt and without a resumption of expenditures in the petro-chemical sector, I have doubts about future prospects. However, I certainly can't ignore the very positive money flow indicator present in the TA. January and beyond should provide a period of rebuilding, but I really don't understand where they will derive their revenues now that the Amethyst Rigs have been canceled/delayed. Anyone here happened to have spoken with the company recently?? Regards, Ron