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Gold/Mining/Energy : Canadian Oil & Gas Companies

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To: HAZ who wrote (4708)	2/20/1998 8:23:00 AM
From: HAZ	Read Replies (1) of 24921

Kerm / All / Numac It appears that Husky is hunting for undervalued O&G assets or companies to increase heavy oil feedstock into their 100% owned Loydminster Heavy Oil Upgrader. They are also planning to increase the refinery's capacity as well, so why process third party heavy oil for a fee when you can process more of your own heavy oil and turn it into higher priced light stuff. Why would Numac be a takeover candidate 1 - they own or control large land base in Sask. (acres ?) which is med. to heavy oil 2 - They are also controlled by Chinese company 3 - They are expanding Nat Gas in NE BC at good rates 4 - I'm assuming share price trading at a discount to NAV Sorry I don't have the facts & figures handy and I'm going from memory which is failing in my old age. Numac is about value and it is IMHO a definite takeover candidate if the current owners are looking for an out and I assume they would offer their shares first to their kind. This may sound prejudiced but it's life. Cheers and good investing

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