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

To: kingfisher who wrote (6997)	11/30/1999 8:39:00 AM
From: Craig C	Read Replies (1) \| Respond to of 24920

To speculate on who could be next maybe useless. Hunter has the cash so they went with the hard stuff, while BKP used there inflated shares?? to buy syo. The mergers are more about expanding in area's were there currently working. Rule out the big big guys as they seem to be capping expansion and shedding property. The problem right now in the canadian patch is the 10-25,000 BOED companies are limited and only a few are strong enough to go after someone. You would think unocal (US) would just pick off the rest off Northrock. I have a hunch some other US guys may come shopping. Newport would be a good pick off for Chevron. Magin is trading at 3-4x cf maybe a steal here. We need to see RES and Crestar step up to the plate and do some buying. They both are very active drilling with over 10 rigs working. The one big hammer on all this is a lot of oil executives do not believe this high oil price is for real, so there concentrating on there own problems rather than going after someone else's. Look at Akita drilling it stock has always confused me why it's so cheap compared to the other three/ four canadian driller stocks. too many stocks not enough investors I'am afraid.FWIW