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


To: Kerm Yerman who wrote (4297)12/8/1997 1:03:00 PM
From: Friend  Respond to of 24904
 
ALL/Earnings Report

It seems that many companies are reporting results below expectations. Is there any easy way to determine which companies will be releasing financials during the coming week(s).

I am thinking that companies reporting earnings present great short term trading opportunities (short or long). I missed NPP and BBR.A, but I'm sure others must be reporting soon.



To: Kerm Yerman who wrote (4297)12/8/1997 1:07:00 PM
From: Mike Smillie  Read Replies (1) | Respond to of 24904
 
Hi Kerm:
Here is a note on Hyduke that came in a newsletter I get. I know this is one of your favorites so thought you would be interested:

Whispers
One stock that we really like is Hyduke Capital Resources (HYD on ASE). The stock has been one of the best performing on the Alberta Stock Exchange, a sort of oasis in an arid desert. They are primarily involved in working with customers in the design and manufacture of oilfield service rigs, truck mounted picker cranes and other specialized equipment. Since April of last year, the company has increased its assets base in excess of 40 times, and its shareholders' equity by over 10 times. Their sales are growing extremely rapidly. This is a company worth checking out. We couldn't find a website for them but their phone number is (403)440-0974.

I have no personal association with this newsletter but for anyone interested I have pasted information below. It covers stocks on the Vancouver and Calgary exchanges so does have comments from time to time on junior oils.

"per Spec tives is a weekly look at the speculative stock markets. The aim is to examine what stocks are hot and why, and what stocks are worth watching. The people behind this newsletter are well known and active players in these markets. This is not a stock advisory and should be considered for information purposes only. While this product is being developed, it is offered completely for free with no obligations. Our aim is to approach the active speculative stocks with the unbiased eye that comes from our experienced, albeit cynical approach to spec stocks.

Subscribe instructions
per Spec tives is offered for free at this time. If someone you know wishes to be placed on our list, have them send a note to perspec@istar.ca"

Mike



To: Kerm Yerman who wrote (4297)12/8/1997 4:48:00 PM
From: Rick W.  Respond to of 24904
 
With the infomation talked about,I believe, in the Wall Street Journal today (and CNBC) about the ability to make natural gas into a liquid state, the possibility is enormous for those Co.'s with currently locked in fields of natural gas.(Alaska, etc.) We should look into this further and if true, this would change the outlook for many NG. companies.e.g. more proven reserves. If someone has the article, maby they could post it.



To: Kerm Yerman who wrote (4297)12/9/1997 10:28:00 AM
From: HAZ  Read Replies (2) | Respond to of 24904
 
Kerm / Symmetry

Kerm, I just received the Investors Digest and here are Wildcat Willie's comments on Symmetry.

Symmetry is trading at just more than three times next year's cash flow and has 1700 boe/d production capacity with more than 1400 boe/d of production.

Remember that the company has a piece of Amber's Springburn light oil play and the pool being jointly developed by these companies could be much bigger than expected. Willie doesn't expect fireworks here right away but sees this as a really cheap growth story.

My comments.

I agree wholehearted with Willie and I have already purchased shares in Symmetry. It has performed exceptionally during the recent turmoil and I expect it to start climbing from here. In the past there has been a correlation on a stock rising after it is featured by Wildcat Willie. Now the past is not always an indicator for the future and I'd expect some bumps in the road but in general this is a well managed company which has linked up with a bigger company (Amber ) and will reap the rewards.

Another thought is that if this play is so good and I believe it is, then why wouldn't Amber just takeover Symmetry and get it all versus sharing their new found wealth with a junior company.

I believe that this scenario may be one reason why Symmetry stock has held up so nicely during this correction, either smart money buying in or Amber picking up shares.

Symmetry Management owns 12% of the shares and they have 24 months of drilling inventory at Dawson. The last time I called the company they had a 100% success rate 6/6 at Dawson so this play is looking really good.

An don't forget that 300 boe/d comes on stream on 01-feb-98 and that should help cash flow in 1998.

If you have time take another look at this one and let me know what you think.

Cheers and good investing