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Strategies & Market Trends : Ride the Tiger with CD -- Ignore unavailable to you. Want to Upgrade?

To: Eva who wrote (30528)	6/29/2005 3:56:10 PM
From: Canuck Dave	Respond to of 313489

Gee, maybe I'll put it on the lists. I'm watching MFL for an entry point, but it's leaking noticeably right now. CD

To: Eva who wrote (30528)	6/29/2005 3:56:43 PM
From: Condor	Respond to of 313489

FCP Globe says First Calgary's CEO faces angry shareholders 2005-06-17 07:52 ET - In the News The Globe and Mail reports in its Friday edition that Rick Anderson is still convinced that his tiny upstart exploration company is sitting on a huge natural gas discovery in Algeria. The Globe's Dave Ebner writes that First Calgary Petroleums' chief executive officer -- a veteran deal maker known for aggressive moves -- faced angry and disappointed shareholders at the company's annual meeting in Calgary Thursday. The meeting came less than 24 hours after First Calgary once more disappointed its investors, revealing in a press release after markets closed that the company had failed to pull off a joint-venture deal with Repsol, the Spanish oil and gas giant. Instead, First Calgary declared it is going to try to develop its gas find alone, planning to drill almost a dozen new wells to prove that the first dozen or so successes are not a series of flukes. The company essentially had no other options after failing to entice a suitor. Mr. Anderson may be optimistic, but what disappointed shareholders the most was his inability to pull off a big sale of the company. Some estimates earlier this year suggested a price tag of as much as $6-billion. The company is worth about $1.8-billion now.