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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: anyer who wrote (3777)	8/24/2001 5:47:30 PM
From: stan_hughes	Respond to of 206326

anyer - Story goes that the clerks at AXN are scurrying around dashing off lots of analyses for the honchos without being told why they're preparing them. That's consistent with some kind of tirekicking process going on, but I'd still be surprised if he takes C$35 today when it was free trading at C$38 barely 4 months ago. AXN has been a perennial takeover rumor candidate because it sports a big control block. That appeals to certain buyers because it offers the prospect of being able to make a done deal and effectively eliminate the risk of getting outbid by a johnny-come-lately third party. There are cheaper gassies around, but maybe that block is one of the big attractions. I always thought it was worth something in the low C$40s myself BWTFDIK. Maybe old man Anderson is bearish on NG now and sees an opportunity to walk before the other shoe drops. All I know for sure is that they won't be calling me for M&A advice. FWIW, there was lots of action (comparatively speaking, that is, for a Canadian option series) in the September 30s today, so read into that what you will - me.org Good luck with it. If a deal does go down, watch the political fur fly.

To: anyer who wrote (3777)	8/24/2001 5:55:27 PM
From: Wowzer	Read Replies (1) \| Respond to of 206326

Hi anyer, thought you might find this interesting. Good Luck, canoe.ca Friday, August 24, 2001 Takeover rumours Heavy Anderson trading By TODD NOGIER, BUSINESS EDITOR Massive trading in shares of Anderson Exploration Ltd. fuelled rampant rumours the Calgary producer is on the cusp of being taken over by a big U.S. patch player. Speculation has Anadarko Petroleum Corp. as the suitor at an asking price of $7.7 billion. Stock traders boosted Anderson shares $1.06 to $27.74 on the Toronto Stock Exchange -- on a day when most natural gas producers lost ground. "The ru-mours got more specific as the day wore on that the data room has been opened and the asking price is $42 a share," said Gord Currie, an oil and gas analyst with Canaccord Capital in Calgary. More than 3.7 million Anderson shares changed hands, among the highest volume ever for the company which has been bandied about for months as a prime takeover target for U.S. giants looking north to bolster their natural gas holdings. The Calgary-based producer has been among the most aggressive in pursuing natural gas. It's now over 70% weighted towards gas and is Canada's fifth most-prolific producer. Its attractiveness is enhanced by its extensive holdings North of 60 which include 1.3 million net acres of undeveloped land in the Mackenzie Delta region of the Northwest Territories, thought to be the next big gas play. Houston-based Anadarko has aggressively been snapping up assets north of the border, acquiring Berkley Petroleum Corp. for $1.68 billion last March and Gulfstream Resources Canada for $208 million in June. No one at either Anderson or Anadarko would comment on the speculation but analysts worked overtime to assess the credibility of the tales. "That's a lot of shares to be traded for Anderson in a single day -- something seems fishy," Peter Linder of Research Capital Corp. said. But he noted company founder and CEO J.C. Anderson owns a large chunk of the company, making hostile takeover unlikely unless he wants to sell.