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: Roebear who wrote (88666)	3/14/2001 8:53:35 PM
From: Richard Saunders	Read Replies (1) of 95453

roebear & your tesco TESOF cheering. You mentioned the stock trading abnormal volume today up here in canada on the tse. I didn't run accumulation by house numbers but did glance thru the trades -- the "enthusiastic bozo" and "dummy" you mentioned was Sprott brokerage. Glancing thru trades there were quite a few crosses -- 150K, 75K, 100K, 100K, 67.3K, 75K and the one near the end of day for 205K. All were done at $17cdn. Total volume was just under 1.1mil. Suspect it was probably a fund positioning at a set price. Sprott analyst following the situation is Scott Lamacraft in Toronto and he did an update a couple of days ago. Target is indicated at cdn$18.60 or us$12.06 Estimate indicates lowered (by $0.02) eps of cdn$0.69 General spiel was that the recent announced sale of asset base to Weatherford was favourable. Lower growth asset base liquidated at a "very attractive" (for who?.....) price.

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