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Gold/Mining/Energy : Canadian Oil & Gas Companies
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To: HAZ who wrote (4708)2/22/1998 10:19:00 AM
From: Kerm Yerman  Read Replies (1) of 24921
 
HAZ / Mustard & Catch-Up time

Been so busy lately and am now just trying to catch up on replies I owe people.

I agree with you on Alberta Energy. The company is near the top in terms of quality of which one can relate to production, reserves, land and etc.. They stay focused and I like that. I also like their firm stand on maintaining production 50/50 between oil and gas. Natural gas percentage of production will increase over the next two years.

I don't know what is up at Numac. I do know that activity in 1997 has set them up for good growth in 98 and 99. The one thing they have to improve upon is their debt status. I don't see shares in the company reflecting dynamic growth, just a solid year to year improvement over the next few years. Numac has been shun by the investment community over the past few years and I think that will begin to change.

You mentioned Richland Petroleum. I like the company a lot. However, I suspect companies dominant in oil production are prone to further share price deterioration over the next few weeks. That comment is based upon the assumption that this Iraq situation will cool off. I will be a buyer in this situation if such is the case. In this scenario, I like oil over gas.

Here's a few names that don't surface much in conversation, but do interest me quite a little; Richland Petroleum, Upton Resources, Maxx Petroleum and Beau Canada Exploration. Any further weakness in share values make these downright attractive for purchase. Stepping up a notch, Northrock Resources and Tri Link Resources are in same situation.

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