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Gold/Mining/Energy : Canadian Oil & Gas Companies

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To: TheMajor who wrote (4253)	12/3/1997 12:34:00 AM
From: HAZ	of 24933

TheMajor / Burner Thanks for you very timely reply. I called the company to get on the mailing list again. I owned this one from a couple of years ago, I can't find my records but I believe I bought it around 0.45 and sold around 0.90. I didn't complain but it went much higher. Anyhow I think this is has been battered enough and it bounced back nicely today. Any company with 6 million in cash, no long term debt and ties to Berkley looks good to me. I guess the main worry for these guys is CND gas prices and future price direction. I'm very positive for gas prices in the medium to longer term and they have the cash to wait it out. December might bring new lows if old man winter doesn't arrive soon. As you mention they have good management and some good prospects in Q4 and Q1-98. I have just sold my Orbit which I can't see going too much higher, maybe a dime or so and I'm planning to buy some Burner with the proceeds. Cheers and good investing

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