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Gold/Mining/Energy : Tracer Petroleum (TCXXF)
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To: Saracen who wrote (610)4/24/1998 4:19:00 PM
From: P_Dalton  Read Replies (1) of 1261
 
I concur with you on Gaines Berland, but I would also lump First Marathon or Gordon Capital in Canada into the same catagory.

As you know, Tracer is working on a small project which consists of 3 producing blocks. This is NOT a project for Goldman Sachs or Morgan Stanley, but IS something that after the rollback, CIBC, Oppenheimer or Howard Weil would/could get involved in.

Once the small producing properties have been secured and financed, the next step is to secure a medium to larger producing block. This is something at that time which Goldman Sachs or Morgan Stanley would/could get involved with.

After that, larger properties would become easier.

I do believe that current management has the contacts, but to many low cost shares to be attractive. This is what the rollback is all about in their case. IMHO
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