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Gold/Mining/Energy : Triton Energy (OIL) - Elephant stalker
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To: Guy E. Fleming who wrote (93)7/16/1998 11:39:00 AM
From: IceShark   of 134
 
Guy, It has been confirmed over on YHOO message boards via calls to IR, that a board meeting was held yesterday. My guess is that nothing even close to $45/sh was on the table so no decisions have been made as to what to do. Man is that YHOO board a loony asylum.

With the sharp sell off in the last few days, the market may know something, like fair value is around 30 bucks a share if a deal goes through or not.

Another point is that the gas reserves have never been supported by an independent analysis and some people don't particularly like that. And of course the oil has its own set of problems = the reasons we see these vast valuation differences. I was thinking about going long, but the more I look at it the less I like it.

Regards, DWW
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