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Gold/Mining/Energy : Otatco, Inc. (OTI: Alberta)
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To: Jason Krueger who wrote (41)3/23/1998 11:25:00 PM
From: Richard Saunders  Read Replies (1) of 54
 
Jason/ maybe on a tangent but here goes. Off the top, currently hold a position. I haven't contacted company so that's the reason for "on a tangent possibility"........ What's your read of this release? Not too long ago Otatco was spinning the story tthat they were focussed on the gassy side of the oilpatch and their situation was somewhat protected from ugliness in oil pricing. Counter-cyclical or something was used when comparing the company to other drilling/exploration oilpatch situations. Today's release seems to indicate that there is pain in the oilpatch but by venturing int'l. the company will be in a better position to grow. Maybe I'm missing something. Jason, you've experience with companies trying to play in the international arena. Am I being a bit too cynical when I read today's release? I do expect (hope?) that if oti is profitable today's $0.20 share price will look good before too long. It wasn't too long ago when I was only getting half as many shares with the same dollar........ either the purchases then were outrageously high or today's prices are a bargain. I'm confused. Also, fwiw there was minimal insider buying back in January - Yager via spouse and Ironside show up on some small purchases at $0.25, $0.295, $0.30 and $0.50 . Ideas?..............
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