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Gold/Mining/Energy : Strictly: Drilling and oil-field services -- Ignore unavailable to you. Want to Upgrade?

To: The Ox who wrote (79157)	11/16/2000 7:56:06 PM
From: Roebear	Respond to of 95453

Michael, Did you listen to the TESOF CC? The CEO mentioned 200-230 million in revenues anticipated for 2001. That is about 3 times their ttm revenues (feel free to check my hasty calculations). My experience with company figures so far this year is that they have been conservative or on the mark. Also they are building 24 more Top Drives as they anticipate being near rental capacity soon. Biggest thing to me is there were a bunch of questions from different firms/analysts as opposed to the last CC where there were two questions! This CC lasted three times as long. I'll update the thread on the highlights of the TESOF CC when I get a chance to sort through my hasty but complete notes. I found the CC highly positive, Toronto volume was up but the US volume was below average, this company is still not well known in the US outside of the oil fields. A quarter or two and I believe that will change, meanwhile it has formed a base recently on strong support around 8 and closed the day at 9. 50DMA AND downtrend line are in that neighborhood, so this could be close to breaking out if it gets some volume. Winter weather forecast appears to be shaping up, a couple of weeks later than I'd thought, but I'll take it, ggg. BTW, noticed the large flocks of geese that have been wintering locally the last few years aren't staying over in very large numbers this year. Think maybe they have a weather prognosticator in their ranks also??? VBG Best Regards, Roebear