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


To: Dave Fong who wrote (6077)2/24/1999 10:29:00 AM
From: johnlag  Read Replies (1) | Respond to of 24921
 
Dave / Northrock

The market is suddenly looking at these mid-size producers and taking their large amounts of debt into consideration. I believe Northrock's debt is in the $250 million range! Unbelievable. I also believe they are weighted more heavily into oil.

Should the oil prices stay the same for an extended period of time, companies like Northrock will find themselves against a wall - like Remington. I expect more on the downside from here.

John