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Gold/Mining/Energy : Canadian Oil & Gas Companies

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To: Berry Picker who wrote (8630)	1/27/2002 1:29:32 AM
From: Richard Saunders	Read Replies (3) of 24925

o/t o&g. Elect - thanks for the thoughts, they do help. The situation intrigues me in a couple of ways, I hold a position and am trying to maintain watch. Your trailing stops ideas are useful & appear as though they can be applied to a wide range of situations. The Elliot Wave stuff is beyond me...... generally I'm more biased re: fundamentals rather than the t/a stuff however I do realize that technical analysis can be a useful tool. With WRX specifically I'm somewhat baffled because there hasn't really been all that much chatter about it on SI. Usually when a 2-3 bagger (since last summer) is in process there'll be at least some posts happening. Searches on SI don't toss up much interest - there is an old archived thread #subject-16632 under the old name ISS InterProvincial Satellite however the last post there was a couple of weeks shy of 2 years ago. "Minimal interest" would probably even be an exaggeration regarding WRX. It would also appear that if market capitalization is calculated the stock would seem to be getting quite close to be included as a potential replacement stock for the Toronto Index. The past couple of weeks of trading have generally increased in volume and there has been some apparent institutional buying so maybe some of that thinking is included in the trades. I'm not totally certain. I have been following the thing for just less than a year and was originally made aware of it by an oilpatch broker. On a fundamental basis the recent rapid rise has made me wonder however it does appear some growth is in fact happening. I'm not sure how forward-looking current pricing is discounting that revenue growth and I think that's where your t/a comments could be helpful. Thanks again for the comments Elect and apologies for hyping a personal situation that is not really a pure o&g producer. That said, it appears as though words spoken by the company in the past re: ability to efficiently and remotely manage oilpatch well-sites hasn't really lived up to the global opportunities spieled. There does appear to be some more current arrangement in the process of being fine-tuned with Schlumberger that may also be part of the recent price moves. Some thoughts would indicate that more work will be done with oilpatch situations in the future. Time will tell and your comments do help.

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