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Strategies & Market Trends : Strictly: Drilling II -- Ignore unavailable to you. Want to Upgrade?

To: isopatch who wrote (24946)	1/7/2003 3:18:36 AM
From: rails99	Read Replies (1) \| Respond to of 36161

Hello Iso: Enterra was a great performer today. Congrats. Realize you may not be interested, but Elk Point (TSE)was bought by one of the Canadian energy ("pyramid"?) trusts (AE.UN). Since the spinoff of Chesapeake was so good for me, I bot some of ELK for the same reason. Part of the deal will be a new oil and gas issue (Burmis Energy) and approximately Can$3.50 in cash (or AE.UN share/units). Plan on keeping the Burmis to see what happens. Just thought that the thread may be interested to watch this new issue. Evidently ELK management was either lucky or more than adequate. As of now the Burmis has cost me Can$0.04 plus any lost trading profits till the distribution date. Best Wishes; Rails