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Gold/Mining/Energy : KERM'S KORNER

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To: Kerm Yerman who wrote (14602)1/1/1999 6:00:00 PM
From: Kerm Yerman  Read Replies (1) of 15196
 
KORNER BULLETIN / Kerm's Portfolio Dispositions

The following shares were sold in the takeover offering by Poco Petroleums.

(Purchase transaction) ( Sales Transaction )(Gain/Loss)
Pan East Petroleum PEC 1200 @ $ 1.95 $2340.00 1200 @ $ 2.65 $3180.00 $ 840.00

The following holdings were dispersed this past Wednesday & Thursday.

Badger Daylighting BAD 400 @ $ 5.50 $2200.00 400 @ $ 7.25 $2900.00 $ 700.00
Enerflex Systems EFX 100 @ $38.25 $3825.00 100 @ $29.50 $2950.00 $( 875.00)
Remington Energy REL 200 @ $16.00 $3200.00 200 @ $ 4.95 $2210.00 $(2210.00)
Spire Energy SEY 2000 @ $ 1.63 $3250.00 2000 @ $ 1.00 $2000.00 $(1250.00)

I believe Badger and Enerflex are two of the better companies in the energy
services sector. I'm just eliminating service companies from the portfolio.

Remington is a disappointment and status of Spire is questionable.
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