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: Ciao who wrote (87)	7/26/2000 10:26:35 AM
From: Robert Raymond	Read Replies (1) of 104

Ciao Wenzel was part of the recommendations by Francis Roche, of Roche Securities in Edmonton in today's Financial Post. "The company has demonstrated its ability to continuously develop new technology that can be applied to various types of drilling tools," he said. He estimates earnings of 29 cents a share for the year ending May 2001. I've been in and out of Wenzel a few times over the past 3 years. It seems to me we're at the start of an upcycle for the sector which should limit any downside. They seem to have a coherent business plan going forward so I continue to hold a modest number of shares. Certainly seems undervalued at the moment, which I put down to summer doldrums and a lack of interest in many small caps. regards Robert Raymond

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