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Gold/Mining/Energy : Canadian Oil & Gas Companies
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To: Kerm Yerman who wrote (634)10/25/1996 2:28:00 PM
From: SofaSpud   of 24935
 
Kerm - Prudential

Yes, I saw it too. They said that sales were expected to remain strong,
but that doesn't address the issue of earnings growth. If they are at
capacity, growth in earnings basically means they have to charge higher prices. I wonder if
that's the case, or if it's a good time to buy. There doesn't seem to be
anything unreasonable in their demand outlook.

P.S. Just went back a few posts and saw the one from Wendy. Thanks a million --
I really appreciate the insider insight. I'd been wondering what was up
with IPSCO; glad to hear that people who know something about the industry
still like them.
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