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Gold/Mining/Energy : Canadian Oil & Gas Companies

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To: Tommaso who wrote (8381)7/28/2001 12:44:28 PM
From: Richard Saunders  Read Replies (3) of 24923
 
Tommaso. Try vcall.com and then click on the "InvestorConference" tab. Access is at the bottom of the page -- "Canadian Natural Gas & Oil Conference" which was done July 24 for the New York Society of Securities Analysts. Sound is in RealAudio and I know WindowsMedia sometimes conflicts with Real Audio. Each presentation also has a set of slides and it's possible to save a slide as a .GIF file if you "right-click" on the picture/slide and then "Save As..." whatever you name the file.

James Zehr - Antrim. Thanks for the update. I know previous comments were a bit murky however your interpretation re: "negative on mgmt." is probably a bit overdone. What I was trying to indicate was that playing in the int'l. arena seems to take a different skill set (AND DOLLARS) vs. trying to take the cookie-cutter approach in backyard Oilberta. Personal opinion however int'l. ops. generally tend to be best done by the deep-pocketed bigger situations who often can ride out the extended cash costs as well as time-lags required to make things happen. Political roadbumps are also often part of the picture for many int'l. situations......

That said, no risk will usually yield no reward. The more shares o/s (or the potential for fully diluted) also has a tendency to water out (bad word choice when discussing o&g...) drilling successes. The story can be totally glossy and analysts can often make a situation sound extremely interesting, etc. Sometimes if you look a little further you will find that placements of shares have also been sold (often at much lower pricings) to some of the same entourage that is involved in marketing attempts for "newer" and often higher priced shares. Again, generalizations.

The argument can be made that back then the share price levels represented less known info. and probably less proved reserves, etc. Current pricing now represents a clearer picture and valuation is possibly more accurate.

Still, YOU have to decide if the risk one takes justifies POTENTIAL reward. Nothing in o&g, especially int'l. & exploration stuff, is a "gimme'" unless you have inside info. and can follow details locally and on a daily basis. If you trade based on insider info. possibly the table is tipped a bit however it's also frowned upon by the rule-makers......... Good luck with your speculations and investments.
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