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Gold/Mining/Energy : Canadian Oil & Gas Companies -- Ignore unavailable to you. Want to Upgrade?

To: Kerm Yerman who wrote (6799)	9/2/1999 10:33:00 AM
From: johnlag	Read Replies (1) \| Respond to of 24921

Kerm / Juniors With all the merging going on with the seniors, and price increases across the board. (Always senior players first) It will be interesting to see what takeovers happen in the coming year. Some Juniors with good production and land positions may end up being bought up by the big guys. Cheers, John

To: Kerm Yerman who wrote (6799)	9/2/1999 10:33:00 PM
From: HAZ	Read Replies (2) \| Respond to of 24921

Kerm I read today that Courage energy has increased it's offer for Altaquest to 1.10 cash or .45 of a courage share for each share of AQF. AQF traded as low as 1.01 today. If you buy 10000 shares of AQF @ 1.05 = 10,500 (excl. comms) 10000 shares converts to 4500 CEO shares or $ 12,375 (at todays prices) Assuming you get all full share conversion and no cash you stand to make a tidy profit in a few days or $ 1875 if CEO holds at todays prices. CEO has done very well this year and will continue to outperform the market so I don't mind holding it if the stock falls further. You are actually buying CEO for 4500 shares for 10500 or 2.33 per share. This is too simple, have I made a mistake somewhere or should I buy at the opening tomorrow morning. P.s. I just sold my CEO shares a couple of weeks ago for 3.05 to raise my cash levels and I don't mind buying back at these levels. Please review this conversion and let me know what you think.] Cheers and good investing Haz.