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Gold/Mining/Energy : Canadian Oil & Gas Companies

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To: HAZ who wrote (4258)	12/3/1997 5:06:00 PM
From: Kerm Yerman	Read Replies (3) of 24928

HAZ - ALL / Orbit Oil & Gas Thought I would jump in and add my two cents worth. I think selling Orbit in the open market for $1.75 or more is the thing to do. One can quickly reinvest the profits back into a company offering greater value at this time -- there are many of them. Holding out for a greater value is marching time. Little, if any upside, remains left in the share price. Shares have come a long way since the preditor began accumilating a position. At this point in time, there may be more downside risk over that of any upside potential. Last time Orbit turned back a bid, shares fell like a rock in water. To conclude, if I owned shares in the company, I would be a seller -- if there was another company I would want to hold shares in such as Genesis Exploration, Vermilion Resources, Tethys Energy and Spire Energy, just to name a few.

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