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Gold/Mining/Energy : Tracer Petroleum (TCXXF)

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To: James Strauss who wrote (195)6/14/1997 10:12:00 AM
From: Peter G. Troyan   of 1261
 
I think this stock will move up on any good news. I think it
is clearly undervalued at this level. If a jv partner is
found, I believe the market will respond very positively.
This has been the news it has been waiting for to continue the
exploration of the NT Block. Production properties with development
potential would also move the stock. This approach is much better
than issuing more shares, although it surely takes time. I believe
things will happen in the near term.

Pete
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