ROI:TSE
I bought into this one about a week ago. I love this
chart, but this is no quick flip. Based on its trading history,
April seems to be the best time of the year to take a long
position. Also take note that during the correction in October
of 1997, ROI actually went north when crude went south. Here are
two news releases...the first is the most recent and the second I
pulled just to get a description of what the company does.
Reserve Royalty Corp ROI
Shares issued 55,643,182 Apr 1 close $4.00
Thu 2 Apr 98 News Release
Also International Curator Resources Ltd (IC)
Also St Lawrence Cement Inc (ST.A)
Mr Gaiterie Budhu of the TSE reports
Effective before the open on Friday, April 17 1998, the common shares of
International Curator Resources Ltd (IC), and Semi-Tech Corp Cl A (SEM.A)
will be removed from the TSE 300 Composite Index for failure to meet TSE
300 Composite Index Maintenance Policy No.2. This policy states that if a
stock appears in the TSE 300 QMV report at calendar quarter end with a 0.00
relative weight, it will be removed from the Index at the opening of the
expiry of the following month's options and futures contracts.
Please note the following changes to the TSE 300 Composite Index before the
open on Friday, April 17 1998:
Stocks to be added:
Reserve Royalty Corp (ROI)
Group/Subgroup - 3.02
(Oil & Gas Producers)
St Lawrence Cement Inc Cl A SV (ST.A)
Group/Subgroup - 6.06
(Building Materials)
Stocks to be removed:
International Curator Resources Ltd (IC)
Group/Subgroup - 1.02
(Mining)
Semi-Tech Corp Cl A (SEM.A)
Group/Subgroup - 12.05 (Specialty Stores)
Note: Reserve Royalty Corp (ROI) and St Lawrence Cement Inc Cl A SV (ST.A)
will be added to and International Curator Resources Ltd (IC) and Semi-Tech
Corp Cl A (SEM.A) will be removed from the TSE 200 Index effective before
the open on Friday, April 17 1998.
(c) Copyright 1998 Canjex Publishing Ltd. canada-stockwatch.com
Reserve Royalty Corp ROI
Shares issued 55,643,182 Oct 31 close $3.95
Mon 3 Nov 97 In the News
Buy & Sell columnist Sonita Horvitch says in the Saturday edition of the
Financial Post that mid-cap specialist Jim Goar, v-p of investments at
O'Donnell Investment Management, has a big push on auto-parts and
building-products companies based in southern Ontario and Quebec. These
companies are entrepreneurially managed, good growth companies which are
able to compete globally, according to Toronto-based Mr Goar who manages
the O'Donnell Growth Fund, with assets of $235 million. He chooses
companies with sustainable earnings growth that trade at earnings multiples
below their prospective growth rates. His style is to buy and hold. His top
stock picks include Reserve Royalty, recently $3.90 with a 52-week range of
Reserve Royalty $4.55 to $1.75. This innovative Calgary based financial
company creates "gross overriding royalties" on oil production. It has
royalty interests in Canada and the US. This means the company does not do
the drilling itself, but other companies drill on its properties in return
for paying a royalty. Its cash flow is free to make further acquisitions
and/or pay dividends, according to Mr Goar. He says that president and
chief executive Fiona Read is good at this business. His cash-flow
per-share estimates are $0.25 for 1997 and $0.57 for 1998.
(c) Copyright 1997 Canjex Publishing Ltd. canada-stockwatch.com |
