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Gold/Mining/Energy : Canadian Oil & Gas Companies

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To: HAZ who wrote (4152)	11/15/1997 9:56:00 PM
From: Scott Mc	Read Replies (1) of 24920

Haz, Re Numac, I was referring to the post which mentioned that Numac had sold off some of their production (something like 2300 BOED for $63M(don't quote me,just off the top of my head)), my comment had to do with the price they were getting for the production. The price seemed pretty good, therefore my thinking was that it was probably a good deal for Numac. Re Numac, I have no intention of selling until their price increases or their CFPS decreases. I too feel that at current prices they are cheap. This is my investment stradegy, try to buy cheap and sell at market price. I get very few doubles or triples(or home runs), happy with the 15-40%(singles and walks). Scott

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