Mohawk canada Message Board

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Gold/Mining/Energy : Mohawk canada

MHK 111.19

-2.2%

3:59 PM EST

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To: Tom from BC who wrote ()	2/13/1998 2:38:00 AM
From: Kaiser Soza	Read Replies (1) of 18

Mohawk is a well run small company with about the 4th largest volumes in Western Canada. The recent announcement that they had hired investment banker types to enhance shareholder value seems to indicate they are shopping themselves. I would think they will only merge/sell out if a good deal comes up since the company is progressing well and they don't need to firesale the company. PetroCan's recent deal with Diamond Shamrock is indicative of the synergies in this business. Stock traded in a narrow range of roughly $3 to $3.75 prior to the announcement and broke out to $4+, retreated to $2.60 and then shot back to $5 recently. Currently is $4 and change. I would think $3 is the downside and possibly $6 plus on a good takeover/merger if consummated. They have a good following due to their environmental efforts to be good citizens and would fit well with a number of majors.

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