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Gold/Mining/Energy : Canadian Oil & Gas Companies -- Ignore unavailable to you. Want to Upgrade?


To: Kerm Yerman who wrote (9555)2/15/2003 9:58:20 PM
From: Bearcatbob  Read Replies (2) | Respond to of 24925
 
Hey Kerm - which portfolio accounts for the change in valuation of Probe?



To: Kerm Yerman who wrote (9555)2/18/2003 8:03:21 PM
From: Kerm Yerman  Respond to of 24925
 
Portfolio Stock / EnCana Corp.

EnCana Corporation - Year End 2002 Financial and Operating Results Webcast - February 20, 2003

CALGARY, Feb. 18 /CNW/ - Notification of Year End 2002 Financial and Operating Results Webcast:

EnCana Corporation (TSX & NYSE: ECA)
Year End 2002 Financial and Operating Results Webcast
February 20, 2003, 11:30 AM ET

To listen to this event, please enter
webevents.broadcast.com in your web browser.

For a complete listing of upcoming and archived webcasts available through Canada NewsWire, please visit our events calendar at newswire.ca. CNW's webcast of earnings calls is consistent with Market Regulation Services Inc. (RS) initiatives to broaden investor access through the use of new technology.



To: Kerm Yerman who wrote (9555)2/18/2003 9:21:37 PM
From: Kerm Yerman  Read Replies (2) | Respond to of 24925
 
Portfolio Stock / EnCana Corp.

Oil driller plugs much-touted Alaska prospect
Tuesday February 18, 8:43 pm ET
By Yereth Rosen
Reuters

ANCHORAGE, Alaska, Feb 18 - An offshore oil prospect that Gov. Frank Murkowski predicted would lift Alaska out of its fiscal doldrums has been shut down by its operator, a government spokeswoman said on Tuesday.

Calgary-based EnCana Corp. (Toronto:ECA.TO - News) sent notice that it had plugged and abandoned its exploratory well at the McCovey prospect in the Beaufort Sea on Feb. 9, said Robin Cacy, a spokeswoman for the U.S. Minerals Management Service.

EnCana has 180 days to submit a plan for extending operations, Cacy said. If the company does not make such an application, the operations will cease and the leases may revert to the federal government, she said.

Alan Boras, a spokesman for EnCana, declined to disclose future plans for McCovey, where the company drilled its well this winter.

"It's plugged and abandoned, and the well is confidential," he said. "We're not talking about the results or what we are planning in the future."

In last fall's gubernatorial campaign, Murkowski, a U.S. senator at the time, argued that no new taxes were needed in Alaska because boosted oil revenue could be expected to bridge a fiscal gap expected to grow to $1 billion a year.

In autumn debates with his opponent, then-Lt. Gov. Fran Ulmer, he cited the McCovey prospect as the most promising new oil development on the horizon, with a potential of generating up to $400 million a year for the state. He predicted then that it could produce up to 300,000 barrels of oil a day -- half the current output at nearby Prudhoe Bay, North America's biggest oil field.

Murkowski spokesman John Manly said Tuesday that the Republican governor "remains hopeful" about McCovey, despite the apparent setback.

"Until we actually see them go out of business or something, we remain hopeful that they will keep working out there," he said. "How many wells were drilled at Prudhoe Bay before the discovery well was found?"

EnCana's partners at McCovey are ConocoPhillips (NYSE:COP - News) and ChevronTexaco (NYSE:CVX - News).

The McCovey prospect, 12 miles north of Prudhoe Bay in the Beaufort Sea, was the only Alaska oil prospect in the federally managed outercontinental shelf that was under active exploration.

The Minerals Management Service, a branch of the U.S. Interior Department, plans a series of additional Alaska outercontinental shelf lease sales, starting with a Beaufort Sea sale in September.



To: Kerm Yerman who wrote (9555)2/20/2003 7:21:19 PM
From: Kerm Yerman  Respond to of 24925
 
Portfolio Stock / Petro-Canada

Petro-Canada Production Forecast

CALGARY, Feb. 20 /CNW/ - It has recently been reported that Petro-Canada has discussed the company's potential to reach certain production levels by 2007. Petro-Canada does not provide production guidance beyond one year. In the oil industry, actual results can vary materially from forecasts as a result of changes in plans and the impact of various factors, risks and uncertainties inherent to the industry. Any estimate as to what might be possible production levels by 2007 is subject to significant uncertainty and does not reflect what actual production will be at that time.

Petro-Canada is one of the largest integrated oil and gas companies in Canada and a significant international player. Earlier in 2002, Petro-Canada acquired the international assets of Veba Oil & Gas with production and exploration focused in the North Sea, North Africa and Northern Latin America.

Its shares trade on the Toronto Stock Exchange in Canada under the symbol PCA and on the New York Stock Exchange in the United States under the symbol PCZ.



To: Kerm Yerman who wrote (9555)2/20/2003 7:39:50 PM
From: Kerm Yerman  Respond to of 24925
 
Portfolio Stock / Anadarko Petroleum

Multimedia Available:
Anadarko's Gulf of Mexico Tarantula Discovery Moves Forward
Thursday February 20, 1:35 pm ET

(BUSINESS WIRE)--
Anadarko Petroleum Corporation has authorized the construction of an $86 million production platform for its Tarantula discovery on South Timbalier Block 308 in the Gulf of Mexico.

You can reach the story directly by going to newstream.com

This multimedia news story is for free and unrestricted use on your news information site (and for print or broadcast too). Visit newstream.com to download video, audio, text, graphics, and photos.

--------------------------------------------------------------------------------



To: Kerm Yerman who wrote (9555)2/22/2003 10:42:21 AM
From: Kerm Yerman  Respond to of 24925
 
In The News / Portfolio Stock - Talisman Energy

Talisman denies report Sudan sale on rocks
Calgary Herald
Friday, February 21, 2003

Talisman Energy Inc. denied the $1.2-billion sale of its Sudan operations to India's Oil & Natural Gas Corp. is in jeopardy after the International Oil Daily reported the company's partners in the project were trying to block the transaction.

The oil-industry newsletter said China National Petroleum Corp. and Malaysia's Petronas, who also both have stakes in the Greater Nile Petroleum Operating Corp. want a share of Talisman's proceeds from the sale, quoting unnamed sources in India. Talisman spokesman David Mann said he was unaware of any move by the partners to block the twice-delayed sale.

"It's the first I've heard of it," he said.



To: Kerm Yerman who wrote (9555)2/23/2003 2:25:09 PM
From: Kerm Yerman  Respond to of 24925
 
Kerm's Tier I Portfolio Material Change

Since the Tier I Portfolio has quite a few positions in interest
bearing securities, it is only right to account for the receipt of
the income.

I have not factored any receipt of dividends since inception of the
portfolio. As a result, I am going to play catch up and insert the
dividends into the cash component of the portfolio.

The amount is being factored in two parts; the years after 2000
and pre-2000. After 2000, the amount is to the penny. Pre-2000
is a close estimate.

Pre-2000 $ 3,986.92
Aft-2000 $ 4,413.08
Total Dv $ 8,400.00

Previous Cash Position $55,696.00
Current Cash Position $64,096.00



To: Kerm Yerman who wrote (9555)11/26/2003 5:24:22 AM
From: Kerm Yerman  Read Replies (2) | Respond to of 24925
 
Kerms Korner / Tier I Portfolio Material Changes

TIER II Additions
========================================================================
Current Cash Position $ 55,696.00 prior To Purchases
========================================================================

I have made purchases in three currently listed Tier I companies. The objective was to increase
the individual low portfolio weight in two of the companies and, to significantly increase the
holdings in Talisman Energy - whom I continue to consider the more promising in terms of
near term and long term appreciation.

100 Shares Nexen Inc. @ $38.60
Total Investment $ 3,860.00

200 Shares Anadarko Petroleum @ $58.92
*Total Investment $11,784.00

400 Shares Talisman Energy @ $65.01
Total Investment $26,004.00

*Note: 200 shares of Anadarko was purchased in US Dollars at $44.91/share. The current
exchange rate is $1.00 = 1.31192 and when converted, is equal to $58.92 Canadian funds.

I will be updating the Tier I portfolio status within one or two days and will post it here when
ready.

=======================================================================
The Cash Component of the Tier I portfolio is now at $14,048.00 + Dividends received since
the last report. Dividend receipts will be reflected in the Portfolio Report.
=======================================================================