Wenzel Downhole Tools Ltd (WZL) - was Master Downhole Message Board

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Gold/Mining/Energy : Wenzel Downhole Tools Ltd (WZL) - was Master Downhole

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To: Robert Raymond who wrote (79)	12/17/1999 12:28:00 PM
From: fivedollar	Read Replies (1) of 104

Finally, we will news very shortly regarding WZL's TSE application. The TSE has approved WZL's application for trading on the Toronto Stock Exchange. I would anticipate that the stock will begin trading on the TSE within the next 10 days to 2 weeks. This should now enable this stock to trade at a multiple compared that of its competitors such as NQL. Giving a 15 multiple on year end 2000, we should see this thing trade well over $3.00. I am also aware that business is booming. They are running 2 shifts full out and cannot keep up. They have outgrown the building they are in and are once again looking to expand. I am looking for at least $.22 per share earnings for year end 2000.

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