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Gold/Mining/Energy : Canadian Oil & Gas Companies
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To: VisionsOfSugarplums who wrote (6258)4/13/1999 10:31:00 AM
From: johnlag  Read Replies (1) of 24892
 
WLX - It seems to me that the management probably sat around and consumed a large amount of illegal substances and then came up with the theory:

Since their company only had 250 bbl/d production, they may as well become a holding company of sorts...Like a mutual fund. By swapping shares of WLX for all the other companies, their stock achieves an implied value. If all the companies comply, they do achieve a value.

Funny, something out of nothing.

Hope they brought the kneepads.
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