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Gold/Mining/Energy : Tracer Petroleum (TCXXF)
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To: Mohan Marette who wrote (366)11/13/1997 5:10:00 PM
From: Peter G. Troyan  Read Replies (1) of 1261
 
Mohan

This news release is very positive from the standpoint that it shows the way a company is run under Steve Jacobs. With a profit of $256,000, or $0.01 per share, it is the first time Tracer has recorded a profit for the quarter, and it reflects the kind of company Mr. Jacobs runs. Costs have been cut, and if this is an indication of his management skills, Tracer should produce oil at minimal costs once producing blocks are acquired. BTW, the bid closed at 7/32, the ask at 1/4, on almost 400,000 shares. Somebody likes this news, including me.

Pete
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