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Gold/Mining/Energy : Strictly: Drilling and oil-field services -- Ignore unavailable to you. Want to Upgrade?

To: ItsAllCyclical who wrote (44191)	5/6/1999 3:41:00 PM
From: ItsAllCyclical	Read Replies (1) \| Respond to of 95453

I almost forgot to add the Slider touch... Baby ohhhhhhhhh yessssssssss ! Read 'em Weep - critics. >>>>>>>>>>>>>>>>>>>>>>VBG<<<<<<<<<<<<<<<<<<<<<<<<< Hoooooo Haaaaaaah Now KEG has been officially bashed...

To: ItsAllCyclical who wrote (44191)	5/6/1999 4:24:00 PM
From: articwarrior	Read Replies (1) \| Respond to of 95453

"There are so many other plays with much less debt. What's the point of playing KEG." A lesson in leverage....When in a rising price environment companies who maintain a high debt position will excel far better that companies not as well leveraged. This much debt for KEG seems very large but when you consider that once this offering has been completed their debt per equity picture will change many fold. First, the value placed upon the company was made at a time when oil was 12 dollars per barrel. Second, given the asset valuation at 12 per barrel the offering will result in a stable outlook for KEG, but when you revalue the asset at 16 to 18 per barrel the upside potential given level of debt puts the stock price projection at 21 - 25 per share within 6 to 8 months. So yes please keep bashing this stock......pleeeeeaaaassseee!!! Read my posts on OIL for a primer.