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Gold/Mining/Energy : Fletcher Challenge Energy (FEG)
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To: Liatris Spicata who wrote (3)1/6/1998 5:31:00 PM
From: Dale Schwartzenhauer  Read Replies (1) of 16
 
Larry: I usually hear about particular companies as they relate to specific oil & gas plays. As with Curlew and Bacon Island: Texaco, Enron & Amerada Hess have relevance to the area. These days, the potential hot spot is the Turner Valley in southern Alberta. Drilling by Imperial (Exxon subsidiary) and Berkley could uncover 400 million barrels of recoverable reserves plus natural gas. If we hit one of these big plays, the impact on the juniors will allow us to scale up some of our participation to larger entities. In that regard, I feel the gold sector has the better long term potential. I will keep FEG in mind though just the same.

Dale
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