Strictly: Drilling and oil-field services Message Board

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Gold/Mining/Energy : Strictly: Drilling and oil-field services

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To: Olaf Koch who started this subject	3/7/2001 11:43:15 PM
From: tommycanuck	Read Replies (2) of 95453

As a sure sign that E&P is on a roll the TSE announced that of the 15 new stocks into the TSE300 index 4 are E&P companies and one is a oilfield services provider. Effective March 16 at the close of trading Magin Energy Inc., Post Energy Corp.,Storm Energy Inc., and Velvet Exploration along with NQL Drilling Tools Inc. will become part of the index. Storm and Velvet may be worth a look given that there is very little left up here in the range of 250-750 million given all the M&A activity. Momentum building given the smaller selection, lots of cash on the sidelines from recent buyouts and now the support of being part of the index. Talisman putting up numbers so gaudy that the Sudan issue looks like it is starting to dissipate. On the service front there WILL be much more activity during the summer than in the past couple years. Tough to reach the levels of 1997 April to August timeframe but certainly possible given the proper weather. All this despite a pricing structure that continues to move forward on all fronts. Ensign Resource Services (ESI) and Shaw Industries (SHL.A)lagging the pack a little and may be worth a look. Regards TC

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