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


To: Frank Pembleton who wrote (90966)5/17/2001 6:19:24 AM
From: Frank Pembleton  Read Replies (1) | Respond to of 95453
 
Gulf Canada

Gulf Canada Resources Ltd. (TSE-GOU, $9.00) is a buy, says analyst Terry Peters of HSBC Financial. His target price is $12.

"Speculation continues about whether Gulf is a takeover candidate," Mr. Peters reports. The analyst thinks Gulf's strong portfolio of assets would fit well with any major oil company "looking to add quality, long-term growth assets."

"Our analysis," he concludes, "indicates a takeover would come at a premium to our fundamental target price."

Gulf has oil and gas operations in Western Canada, Indonesia, Ecuador and the Netherlands.