MARKET ACTIVITY / KERM'S SERVICE 10 REPORT ENDING WEEK APRIL 24, 1998 (13)
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Service Ten Weekly Trading Summary Report
For Week Ending 04/24/98
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COMPANY STK ( 52-WEEK ) (TRADING ACTIVITY WEEKLY SUMMARY) REC
NAME SYM HIGH LOW HIGH LOW LAST CHG VOLUME B-A-H
CANADIAN FRACMASTER T-FMA 27.25 11.25 ^ 23.25 20.50 20.50 -3.00 100,500 B
COMPUTALOG LTD. T-CGH 32.00 14.00 ^ 25.00 23.75 24.00 -0.50 54,300 B
DRECO ENERGY T-DEY 59.50 17.10 ^ 57.50 55.00 55.00 -0.50 73,100 B
ENERFLEX SYSYEM T-EFX 44.00 22.50 ^ 43.75 40.00 43.25 +2.25 15,700 B
MULLEN TRANSPORT T-MTL 31.00 14.00 ^ 24.50 22.00 24.50 +2.50 41,800 B
NQL DRILLING T-NQL.A 14.65 5.45 ^ 12.50 11.50 11.60 -0.90 107,400 B
PRECISION DRILLING T-PD 49.50 23.00 ^ 36.75 34.00 34.40 -0.85 699.600 B
PRUDENTIAL STEEL T-PTS 26.63 9.67 ^ 13.85 12.55 12.65 +0.30 1,616,200 H
RYAN ENERGY TECH T-RYN 16.00 5.20 ^ 10.50 9.90 9.95 +0.00 41,100 B
TESCO CORP. T-TEO 29.25 16.05 ^ 25.75 23.25 24.90 +1.40 596,600 B
TSE ( 52 WEEK ) ( WEEK ENDING SUMMARY )
INDEX HIGH LOW HIGH LOW CLOSE CHANGE VOLUME
TORONTO 300 *7835.75 5814.93 ^ 7835.75 7676.66 7703.24 - 61.51 354,133,000
O&G COMPOSITE 8094.31 5473.37 ^ 6744.84 6625.74 6625.74 - 99.65 52,160,600
INTEGRATED OIL 9729.68 6564.06 ^ 8750.03 8523.29 8523.29 -187.04 5,730,600
O&G PRODUCERS 7461.88 4778.84 ^ 5999.70 5899.57 5904.19 - 65.30 43,173,400
O&G SERVICES 4353.30 2086.81 ^ 3329.53 3212.70 3212.70 - 73.24 3,256,600
* New High or New Low
B-A-H = Buy - Accumulate - Hold (* Strong Buy)
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LISTING BULLETIN / LISTING & PORTFOLIO REVISIONS
April 24,1998
SERV 10 - Sold the following Shares
100 Computalog @ $24.00 = $2,400.00 (retained 100 shares) B@$18.00
50 Dreco Energy Serv @ $56.00 = $2,800.00 (retained 50 shares) B@$43.50
50 Enerflex Systems @ $43.25 = $2,162.50 (retained 50 shares) B@$38.25
50 Precision Drill @ $35.00 = $1,750.00 (retained 50 shares) B@$30.00
200 Prudential Steel @ $12.80 = $2,560.00 (elimanated position) B@$14.40
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Comments:
Prudential Steel reported lower 1st quarter profits. Decided not to
ride out holding shares in the company. Will replace the company in
my SERV 10 Listing. Share status is HOLD for longer term.
All other listed transactions were for the sole purpose of profit
taking. (Window Dressing As The Funds Describe It) I am retaining
positions in the companies and therefore, they are to continue to be
listed in their respective listing categories. Share status is
ACCUMULATE on all these companies.
The reason for profit taking at this time is the softening of both
natural gas and crude oil pricing. I believe the short term outlook
is negative for the industry and therefore, share prices will react
accordingly. If I'm in error in my judgement, I can still be
satisfied with the profits. If I'm correct, I can use the generated
cash to add or increase current positions at a more opportunistic
time.
I will not be in any rush to replace Prudential Steel. |
