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Gold/Mining/Energy : Westfort Energy Ltd. (WT-T)
WT 11.72+1.1%3:59 PM EST

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To: rampage who wrote (662)6/28/1998 10:29:00 PM
From: AL Berta  Read Replies (2) of 1288
 
The buyers are likely friends and co-workers of the testers. Halliburton, Shlumberger, etc... people are notorious market players. I used to conduct drill-stem tests for Halliburton and when I witnessed a significant well that had the likelyhood of dramatically increasing the share value of the owner, I would buy. As would many of my co-workers. You would be surprised how fast that sort of information will spread through a division (from tester to tester and through management).

I believe that the Swiss visitors are/did take 200k shares and a Texan is/will take an additional 200k. The testers et al, are likely the balance of Friday's buying.

To avert the customary who, what, where's... my name is Al Clark. I own an oilfield service company in Alberta and have been lurking in this forum since my brother told me about it months ago. I have no affiliation with Westfort. I do hold the stock and will continue to do so mainly because I am in the business and know a good value when I see it.

For the record, thanks to all of you regular posters for all that you contribute and especially to floj for the teriffic info.

Regards All

AL.
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