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Gold/Mining/Energy : Canadian Oil & Gas Companies
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To: RIK who wrote (7937)2/2/2001 1:41:40 PM
From: steve  Read Replies (1) of 24931
 
The news release on ENL was kind of cautious but the stock ran up to 12.75. I think at least 13 or 14 is a safe bet so it is a great buy now around 12.10.

Encal in preliminary discussions re combination

Encal Energy Ltd
ENL
Shares issued 108,279,876 Feb 1 close
$10.90
Fri 2 Feb 2001 News
Release
Mr. David Johnson reports
In response to unusual trading activity in the common shares of
Encal
Energy, Encal advises that it is in preliminary discussions with a
party
regarding a possible combination. The company routinely evaluates all
of
its alternatives on a continuing basis. No assurance can be given that
an
agreement within respect to any transaction will be reached or that
a
transaction will be consummated.
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