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Gold/Mining/Energy : Tesco Corp (TSE:TEO)

TEO 11.25

+5.6%

Oct 31 9:30 AM EST

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To: Richard Lam who wrote (2)	8/5/1996 5:46:00 PM
From: John Stopforth	of 11

Richard Just a few comments: I read in one of their quarterly reports that they have an on going contract with Pemex the Mexican Petroleum Company and they have rescently branched into electric top drive systems which should increase the number of top drives sold or rented. I believe as they become more and more successful they could be a take over target by a large U.S. company (pure speculation on my part). Nowsco Drilling of Calgary was just purchased at a premium by a large U.S. drilling company. John P.S. look at their chart they have gone up 400% in twelve months.

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