Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : games trader group -- Ignore unavailable to you. Want to Upgrade?

To: John Paquet who wrote (357)	1/27/2000 11:35:00 AM
From: mr. ed	Read Replies (1) \| Respond to of 507

Wednesday January 26, 7:30 pm Eastern Time Wheaton River rights plan (Full text of press release from Canadian Corporate News) JANUARY 26, 2000 Wheaton River Proposes Shareholder Rights Plan to Shareholders TORONTO, ONTARIO--Wheaton River Minerals Ltd. (TSE: WRM) announced today that its board of directors has approved the submission to shareholders of a Shareholder Rights Plan and has unanimously recommended that shareholders approve the Plan at the Annual and Special Meeting of Shareholders of the company called, among other things, to approve the merger of the company with Kit Resources Ltd. The shareholders meeting will be held on March 2, 2000 and a Joint Management Information Circular is in the process of being mailed to shareholders. The Shareholder Rights Plan has not been proposed in response to or in anticipation of any pending or proposed acquisition or take-over offer and is not being adopted until shareholder approval is obtained and is also subject to regulatory approval. The Plan addresses the company's concerns that the existing legislative framework does not allow sufficient time for shareholders or the board of directors of the company to properly consider a take-over bid for the shares of the company or ensure that all shareholders have an equal opportunity to participate in the benefits of any take-over bid. The Plan is designed to give sufficient time to the board of directors to determine whether any offer to acquire the company is in the best interests of the company and if necessary, to seek alternatives to any bid which it considers to be inadequate, coercive or abusive. As well, the Plan is meant to allow sufficient time for shareholders to review the bid and any other alternatives that may emerge without undue pressure to tender. The Plan is in a form commonly encountered in Canada, including ''Permitted Bid'' provisions which do not invoke the dilutive effects of the Plan if a bid is made and remains open for a minimum of 60 days. The Plan will be invoked by an acquisition, other than pursuant to a Permitted Bid, of 20% or more of the outstanding common shares of the company or the commencement of a take-over bid that is not a Permitted Bid. Further details regarding the Plan will be set out in the Joint Information Circular. FOR FURTHER INFORMATION PLEASE CONTACT: Wheaton River Minerals Ltd. Ian J. McDonald Chairman and Chief Executive Officer (416) 860-0919 or Wheaton River Minerals Ltd. Kerry Knoll Vice-President, Investor Relations (416) 860-0919 www.wheatonriver.com or Renmark Financial Communications Inc. (514) 939-3989 www.renmarkfinancial.com or Wheaton River Minerals Ltd. 220 - 6 Adelaide St. East Toronto, Ontario M5C 1H6 (416) 860-0919 (416) 367-0182 (FAX) Website: www.wheatonriver.com

To: John Paquet who wrote (357)	1/27/2000 6:35:00 PM
From: goldsnow	Read Replies (1) \| Respond to of 507

Halliburton's Chief Executive Officer, Dick Cheney, was optimistic about the outlook for 2000 and beyond because of robust global economic conditions and strong oil and gas prices that were boosting cash flows for its energy industry customers. ``These customers plan to increase their worldwide 2000 spending by slightly more then 10 percent, which will likely be most evidenced in Halliburton's performance in the second half of the year,' Cheney said in a statement. dailynews.yahoo.com Schlumberger Ltd (NYSE:SLB - news). (NYSE:SLB - news), the world's No. 2 oilfield services company, said on Wednesday its fourth-quarter earnings fell sharply, in line with analysts' expectations, but it added that business was starting to pick up again and predicted that this trend would continue. ``Industry confidence is being restored by rising oil demand and renewed OPEC discipline,' Schlumberger Chairman and Chief Executive Officer Euan Baird said in a written statement. Unlike oil companies, which benefited immediately from the sharp rebound in oil prices triggered by OPEC production curbs last year, service companies have only recently begun to feel the first positive effects. biz.yahoo.com PS I think we are just very early in changing trends...$30 bucks oil would seem like huge bargain when adjusted for inflation in 2-3 years...Gold at $280, would seem like a joke, like AOL at $5 while back