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Gold/Mining/Energy : Canadian Oil & Gas Companies

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To: Kerm Yerman who wrote (187)	9/7/1996 11:31:00 AM
From: John Stopforth	of 24933

Kerm I've neglected my oil and gas stocks to a certain extent partly because of the holidays and partly because I've concentrated more on the natural resource side. I follow may of the stocks you do and read with interest your postings. Abacan broke through resistance on Friday (it had been bumping up against $7.40 cdn for a week). I still like Talisman very much partly because of their rescent North Sea aquisitions but mostly for their huge gas fields in Northeast B.C.. I think natural gas has been left behind and will soon move up to catch up with the oil price increases. I also like Upton but that's on the oil side. It took two months to get my money from Sunalta and I'm looking for a gas producer to replace it. I've watched with interest Canadian 88 Energy's latest discoveries near Waterton National Park. Driving around the province this summer I noticed a good amount of drilling activity. I also like Ranger Oil, I talk with someone working there and he's buying his own company stock. There was an article in the Financial Post this morning describing Ranger as a takeover target by Gulf Canada. Just a few of my thought's. I hope you had a nice holiday in Ottawa. John

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