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To: Paul Senior who wrote (33600)	5/15/2003 1:27:46 AM
From: Dale Baker	Read Replies (1) \| Respond to of 118717

Paul, I had the same thoughts about AMR. I don't like "investments" where you have a short-term risk of 100% capital loss. Why the idiots held ALGX common through all this, I will never fully understand. I would rather stick to my "boring" energy stocks. Now if only I could get ERF to buy EENC.... biz.yahoo.com On March 5, 2003, Enerplus closed the acquisition of all of the outstanding shares of PCC Energy Inc. and PCC Energy Corp. (collectively, "PCC") for cash consideration of $165.8 million after adjustments. The PCC transaction demonstrates our focus on asset quality as this acquisition provides high-quality, long-life deep gas reserves in large established pools with drilling potential. Enerplus acquired approximately 4,380 BOE/day of production and 17.2 MMBOE of established reserves. With approximately 79% of the value concentrated in eight properties, the asset base is also highly focused.