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Gold/Mining/Energy : HYDUKE Capitol Resources HYD

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To: CIMA who wrote (77)10/23/1999 1:31:00 AM
From: Jim Bishop  Read Replies (2) of 135
 
Say Cima, you're in Calgary, will you be able to nip on over to the Petroleum Club, around 3pm on Oct 28, for the AGM?

You mentioned before, the Bank of Montreal, was willing to do a PP recently at $1.60 a share, so even a buck and a quarter is looking like a good buy right now.

Chart agrees, this one likes the Williams%R crossing the -50 line on the way up, $1.60 - $1.75 looks attainable short term.

216.32.224.100

They've been cutting costs and overhead, Mimco should add nicely to the bottom line, as the sector heats up, Hyduke should be well positioned to take full advantage.

Annual report says "Hyduke will continue to identify and evaluate various acquisition opportunities, which are consistent with our goal of becoming a major, vertically integrated, full service provider of drilling related equipment, supplies and services."

As you know, I don't hold a lot of Canadian stocks, but I do like to have at least one in each sector/industry. HYD.A is the oil and gas service co. with potential that I like.

Regards,

PS:

Let me know, if you find a good Cdn retailer to hold, I have none right now, but I'm thinking Future Shop FSS.T, near bottom now, may be one to get into again, I think they can turn things around.
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