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Gold/Mining/Energy : Otatco, Inc. (OTI: Alberta)
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To: Richard Saunders who wrote (42)3/25/1998 11:21:00 AM
From: Jason Krueger  Read Replies (1) of 54
 
Richard / My read on the situation is as follows:

The purchase, as announced, merely gives the Company a more solid revenue base, and the ability to do better than break even. I am unsure as to how this acquisition really fits in - I do know that their production management division is doing well.

I think their services fit better in a poor oil-price environment, as opposed to a greater exposure to good natural gas prices. Maybe the company lacks a clear focus, but I think they do need the revenue and earnings base. I also hope the price of the 6 million shares they have to issue are being done at $0.40. I have the feeling that shareholders are now in it for the longer term, as opposed to any great trading opportunities - something that I miss from late last year!

Jason
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