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Gold/Mining/Energy : mxp (mesa Inc)

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To: Bryan Arnold who wrote (284)	4/17/1997 10:23:00 AM
From: K.Martin	of 394

Bryan, Did you see the announcement from BRC? Investment's about their purchase of 7/.4%? of MXP stock. I wonder if this was the Washington-Davis stake or if TBP sold the rest of his MXP holdings. I also wonder if this was purchased on the open market or a nogt. sale. This could explain the high trade rate in the common -vs- the preferred. I think it's important to remember that RR looks after RR first and really doesn't care what happens to us. Just as TBP, he thought he cut a sweetheart deal that would keep him in charge, but it was in RR best interest to dump him. I still believe that it's a done deal reguardlees of the stock prices.

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