Abnormal Volume and Block Trades Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Abnormal Volume and Block Trades

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Essam Hamza who wrote (2294)	1/14/1998 5:59:00 PM
From: Tom McIlwain	of 2340

For once I get to report on a stock I already own. Two large crosses, one by Nesbitt at 300,000+ shares and one by McDermid at 400,000 shares put Velvet Exploration (VLV) into second most active trading spot on the VSE based on a volume of over 1 million. This is an oil & gas exploration company with some exceptional properties in central Alberta. So far, they have come up with mainly natural gas on the first 6 holes drilled. The company is well financed, but a large overhang resulting from a large number of shares becoming free trading at year end as well as the correction in the sector in general have brought the share price down substantially to the $1.35 level from earlier levels of $3.50 plus. Well worth keeping an eye on, but now not necessarily the best time to get in IMHO. Could be interesting by mid year as more wells are drilled and prices for Alberta gas producers strengthen in anticipation of higher spot prices for natural gas as a result of increased pipeline capacity due to be available towards the end of this year. Regards, Tom McIlwain

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next