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Gold/Mining/Energy : Canadian Oil & Gas Companies

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To: Kerm Yerman who wrote (6799)	9/2/1999 10:33:00 PM
From: HAZ	Read Replies (2) of 24921

Kerm I read today that Courage energy has increased it's offer for Altaquest to 1.10 cash or .45 of a courage share for each share of AQF. AQF traded as low as 1.01 today. If you buy 10000 shares of AQF @ 1.05 = 10,500 (excl. comms) 10000 shares converts to 4500 CEO shares or $ 12,375 (at todays prices) Assuming you get all full share conversion and no cash you stand to make a tidy profit in a few days or $ 1875 if CEO holds at todays prices. CEO has done very well this year and will continue to outperform the market so I don't mind holding it if the stock falls further. You are actually buying CEO for 4500 shares for 10500 or 2.33 per share. This is too simple, have I made a mistake somewhere or should I buy at the opening tomorrow morning. P.s. I just sold my CEO shares a couple of weeks ago for 3.05 to raise my cash levels and I don't mind buying back at these levels. Please review this conversion and let me know what you think.] Cheers and good investing Haz.

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