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Gold/Mining/Energy : Canadian Oil & Gas Companies

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To: Scott Mc who wrote (2051)	1/20/1997 12:23:00 AM
From: Richard Saunders	of 24923

Scott/ Maxx........ I've been sniffing since past Tuesday to try & find out what's causing the volume (& sudden price jump) action but have been coming up empty. I bailed my position on Friday at $2.71 which may turn out to be a bit early IF last weeks volume antics turn into a takeover play. I'm happy with the return in hand............. & still trying to figure who's accumulating. Supposedly Gordon Capital has been quite aggressive on the buy side this past week - their analyst did a BUY recommendation last Nov. (Kerm has a copy) with $3.50 52 week target.

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