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Gold/Mining/Energy : Canadian Oil & Gas Companies

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To: Kerm Yerman who wrote (133)8/27/1996 6:26:00 PM
From: Kerm Yerman   of 24910
 
TOP TWENTY UPDATE
REF: MESSAGE #68

Penn West Petroleum Ltd.
Stock Market: Toronto
Stock Symbol: PWT

Talisman EnergyInc.
Stock Market: Toronto
Stock Symbol: TLM

August 27, 1996

Toronto's RT Capital Management Inc.'s Gary Baker feels the Canadian Energy Sector may be showing signs of topping. He was a strong advocate of oil and gas stocks this past January.

Baker is now emphasizing companies that can grow production. His top picks include;

Penn West Petroleum Ltd. Recently closed at $10.15 and has a 52 week trading range of $4.85 to $10.45.

Talisman Energy Inc. is a recent addition to his portfolio. Shares have a 52 week trading range from $22.75 to $35.25. The company has been buying British Petroleum's interests in North Sea oil fields. This month they bought three of BP's smaller oil fields at a very "attractive price." Baker said they are mature assets and Talisman will extend their life.

Information was extracted from article appearing in The Financial Post today.
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