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

To: Chi-Chi who wrote (4242)	12/2/1997 10:54:00 AM
From: Slyfox	Read Replies (2) \| Respond to of 24930

To: ALL - Proposed Greenhouse Emission Legislation effect on the Alberta Oil & Gas Sector (specifically drilling). I have some concerns in regards to the legislation that is currently under proposal to reduce the Greenhouse Emissions. Originally the emissions were to be reduced by 3% by the year 2010 and a further 5% by the year 2015. Now the proposal indicates that the Federal Govenment intends to push up the deadline to the year 2007. I am currently considering investing heavily into a IPO for a new Drilling company with some very experienced directors with excellent track records. The new issue expects to trade mid-December. I would appreciate any comments on what effect that the above will have on the future of the Oil & Gas sector. Will companies continue exploration at the current rate? Will this effect the drilling sector significantly by companies not committing already announced monies? Slyfox

To: Chi-Chi who wrote (4242)	12/2/1997 10:59:00 AM
From: aknahow	Read Replies (1) \| Respond to of 24930

Chi-Chi, any thoughts on Orbit Oil? For a long time thought Ranger would take it over and now that it's in play RGO may be the so called white knight. Snce they had previous interest they still might want Orbit, (many joint land holdings), if price is right.

To: Chi-Chi who wrote (4242)	12/2/1997 11:19:00 AM
From: SofaSpud	Read Replies (1) \| Respond to of 24930

RIK / ESP Not quite everything has tanked. If I'm not mistaken, Trego was about $0.90 when they ran their profile, and is trading at $1.30 this morning (and is worth $1.45 according to the takeover bid). That's a bit over 40% in a month, which is pretty fair.

To: Chi-Chi who wrote (4242)	12/2/1997 3:23:00 PM
From: HAZ	Respond to of 24930

Chi-Chi I agree with you wholeheartedly, stock prices will go up and they will go down and if we only pay attention when they are going up then we will miss the real buying opportunities when they go down. Actually, my first investment in any stock that I purchase is to test the waters and get on the information bandwagon. I've made more money buying stocks at their lows and waiting for the turn around then buying on the way up when stocks are flying. I guess that's just the skeptic in me. I believe that we are being presented with a buying opportunity right now (in the oil patch anyway), this sector has taken a beaten badly in a very short period of time and that is highly unusual. Everything went negative all at once ; 1 - oil prices continued to drop 2 - warmer that expected winter which has caused a delay in the winter freeze up and drilling & production tie ins. 3 - lower gas prices in Alberta 4 - pending greenhouse emissions regulations 5 - threat of lower consumption and lower economic activity in far east 6 - 30 % drop in most O&G stock prices My answers to most of these negatives are 1 - North Americans are guzzling Gasoline with their big trucks and 4X4's, do you know how much gas a Ford Expedition or Explorer, or GMC suburban (to be fair to Ford) eat. You can see dollars signs in you rearview mirror in the exhaust. 2 - Although I believe that El Nino will have an effect on weather patterns and may be responsible for lowering our average temp's by .5 to 1 degrees, old man winter is not dead and rest assured he'll be here, he's just taking the scenic route. 3 - Gas prices in the US are still trading at US 2.70 and by late 1998 export capacity to the US will rise by some rather large number and companies that can manage to sign up on the pipeline will do exceptionally well. 4 - yes we should all be more concerned with our environment and I believe that everyone, not just O&G companies should be more responsible, how much garbage do you put on the curb every week ? Technology , tax breaks and government subsidies will help cushion the financial cost for some of this clean up. 5 - Don't you worry about the far east, they might be wounded by not seriously and they will recover in short order. 6 - For the regulars on this thread, it was just a couple of months ago that you extrapolating the virtues of TLM at 57, PCA at 31, GOU at 13.85, CYX at 37, etc.... nothing has changed in these companies. They can adjust to all of the above influencing factors in numerous ways and they will and be better for it. Hell, If I had any brains I wouldn't invest with all those negatives either but my contraian emotions tell me to buy now, so I'm buying selected stocks. Someone very famous once said "the market will always come back, you just don't know when " Let's hope it's now. Cheers and good investing