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

To: Walter Kalin who wrote (4224)	11/27/1997 1:26:00 PM
From: HAZ	Read Replies (1) \| Respond to of 24916

Walter / Diaz I don't know the exact relationship with Orbit, maybe someone else can comment on the particulars. Lamond also owns interests in other O&G based companies in Alberta. There may be some assets sales or even suffles if Lamond wants to get creative and get ready for a fight. On the other hand he may be happy with the offer, it's quite a premium over the average trading range for the last 6 months. Time will tell, Orbit should respond to the offer in short order but from the sounds of things I think he wants to keep orbit. They just recetnly got their act together, completed the re-organization and started Orbit on an growth trend. I'm happy with the offer C $1.70 but I'll wait a while to get a better feel for it. Cheers