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

To: Kerm Yerman who wrote (4247)	12/2/1997 12:42:00 PM
From: Slyfox	Respond to of 24931

To: Kerm/David Thank you for the prompt reply. Your comments seem to support my views on the current vs. future situations in the exploration sector. The company that I am considering the IPO in has contracts signed for 4 years on 4 rigs and they are building an additional 4 rigs that they already have 3 year contracts signed on. Their stability seems to be there and with 14,600+ well licences issued to date ( http://www/nicoles.com ), there seems to be no real reponse to the past or present legislation changes. Indeed the market appears to be very inelastic at this point and I believe that it continue to be so in the next 1-2 years. Alberta's economy is the envy of many provinces and shows no sign of slowing down. David, thank you for the history lesson as I don't remember the 80's as I am just a young buck really getting rolling into the stock market. Kerm, I agree with you that the next 12 months will prove promising and I wouldn't be suprised at all to see new peaks again in the indexes of the TSE, ASE & VSE. In particular, I forsee a large number of juniors in the coming year entering the Energy Sector on the ASE. I live in Alberta foothills and have ties to the Energy Sector and in our municipality alone, we are expecting over 500 new wells this year alone. Slyfox