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

To: HAZ who wrote (4225)	11/27/1997 2:19:00 PM
From: HAZ	Read Replies (1) \| Respond to of 24916

Kerm and All Happy thanksgiving to all and best wishes for a prosperous future. Its times like today and October 14 (CND thanks giving) that friends and family get together and shares food & drink and happy times. Most of you won't be thinking about the markets today and rightfully so. Enjoy your friends and family, life is too short to miss out on the experience. The markets will always be there, the next big deal will always be there, you won't miss anything. Just a thought. As I mentioned in my previous post I believe that there will be more takeovers of junior O&G companies particular those rich in land and quality producing properties. As I also looked at the bid /ask on my screen using the stockwatch quote server there appears to be some willing buyers for companies such as CCN, CEO, SYO. I also called my broker to ask for a clear definition on Board Lots. The answer to which can best be explained by a chart. The board lot is based on the price of the stock's last trade. Stock Price From To Board Lot 0.01 0.09 1 board lot = 1000 shares 0.10 0.99 1 board lot = 500 shares 1.00 & over 1 board lot = 100 shares For example today the Toronto stocks are off again and the O&G bashing is continuing even though Oil prices are stable and the Canadian LOONEY is trading at near record low prices. Remember that O&G commodities are priced in US dollars so CND companies have been cushioned to lower Oil prices. CCN 10.0 boards lot offering 0.99 with last trade at 0.99 so 1 board lot is equal to 500 shares. Someone is offering be buy 5000 shares of CCN at 0.99 SYO 13.5 board lots offering 1.05 with last trade at 1.05, so a board lot is 100 shares. Someone is offering to buy 1350 Symmetry shares at 1.05. I can't see too many individual investors lining up to buy these stocks in this market. The firm offers are a sign to me that someone be it mutual funds or possible suitors are interested in picking up more shares of both of these companies. Maybe this is just wishful thinking on my part but I see many more Orbits on the horizon with any continued price weakness in O&G shares prices. Cheers and good investing