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Gold/Mining/Energy : ARAKIS: HIGH RISK OIL PLAY (AKSEF) -- Ignore unavailable to you. Want to Upgrade?

To: Bob (Hijacked) who wrote (7252)	11/7/1997 11:39:00 AM
From: Timelord	Read Replies (2) \| Respond to of 9164

[off topic] I can field that one. Red Sea trades on the pinks as RDSEF. The US price closely matches the CDN at current exchange rates. Haven't found anyone that electronically quotes RDSEF, but Schwab will trade on line at discounted prices. Don't know about other brokers. If you go to place an order with Schwab, it will give you a current quote, then you can cancel the transaction. There is a rights offering floating around that will probably limit the upside of the stock: fin-info.com Last time, there was quite a runup before and during drilling, but the price was dead and gone before the announcement of a dry hole was made. chart.canada-stockwatch.com I haven't seen the same enthusiasm for the stock this time around, except at the bottom some months ago. If you see heavy volume starting to move the price up, you may want to jump in for the ride. I have 3K shares, and my inclination is to be long gone before drilling results are out, or at least to watch the price action like a hawk, as the "news" will be in the price long before any announcement is made. There is a quiet thread on SI also: Subject 12483 Hope this helps. Alex