MARKET ACTIVITY / KERM'S TOP 21 WEEKLY REPORT ENDING JAN 16, 1998 (10)
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Top Twenty-One Weekly Trading Summary Report
For Week Ending 01/16/98
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COMPANY STK ( 52 WEEK ) ( TRADING ACTIVITY WEEKLY SUMMARY )
NAME SYM HIGH LOW HIGH LOW LAST CHG VOLUME B-H-S
ALBERTA ENERGY T-AEC 35.50 *25.75 ^ 27.85 25.75 27.70 +1.95 695,100 H
ANDERSON EXPLORATION T-AXL 19.80 *12.50 ^ 13.95 12.50 13.90 +0.85 2,411,300 H
BARRINGTON PETROLEUM T-BPL 6.65 3.85 ^ 4.35 4.00 4.35 +0.20 401,200 H
BERKLEY PETROLEUM T/BKP 18.35 10.33 ^ 14.35 11.50 14.15 +1.75 1,296,500 H
CARMANAH RESOURCES T-CKM 7.70 *4.30 ^ 4.70 4.30 4.60 -0.10 258,200 H
CRESTAR ENERGY T-CRS 30.50 *18.00 ^ 20.25 18.00 20.00 +1.00 104,100 H
GENESIS EXPLORATION T-GEX 9.60 * 4.50 ^ 5.40 4.50 5.40 +0.20 340,300 H
GULFSTREAM RESOURCES T-GUR 15.95 * 4.25 ^ 7.45 4.25 7.05 +1.80 1,521,300 H
NEWPORT PETROLEUM T-NPP 10.75 * 4.40 ^ 5.05 4.40 4.90 +0.25 469,200 H
NORTHROCK RESOURCES T-NRK 26.90 13.75 ^ 18.50 17.75 17.85 -0.90 1,217,200 H
PARAMOUNT RESOURCES T-POU 17.75 7.83 ^ 15.00 13.35 14.50 0.00 487,500 H
PENN WEST PETROLEUM T-PWT 20.20 *13.00 ^ 14.50 13.00 14.10 +0.10 741,600 H
PETRO-CANADA T-PCA 29.85 18.90 ^ 24.45 21.75 24.15 +1.05 4,012,200 H
PINNACLE RESOURCES T-PNN 24.55 *14.50 ^ 15.50 14.50 14.75 -0.25 2,210,900 B
POCO PETROLEUMS T-POC 15.50 *10.00 ^ 12.25 10.00 12.05 +0.90 1,576,200 H
REMINGTON ENERGY T-REL 35.50 *17.00 ^ 21.00 17.00 21.00 +1.50 370,500 H
RIO ALTO EXPLOR T-RAX 15.50 8.20 ^ 11.75 10.00 11.75 +1.75 301,000 B
TALISMAN ENERGY T-TLM 55.25 *35.00 ^ 38.85 35.00 38.70 +2.70 3,006,700 **B
TARRAGON OIL & GAS T- TN 17.65 * 8.85 ^ 10.00 8.85 9.70 -0.30 1,922,300 B
ULSTER PETROLEUMS T-ULP 15.25 9.25 ^ 12.50 11.00 12.50 +0.85 488,900 H
VERMILION RESOURCES T-VRM 9.75 3.85 ^ 7.00 6.00 6.65 +0.15 308,800 H
TSE ( 52 WEEK ) ( WEEK ENDING SUMMARY )
INDEX HIGH LOW HIGH LOW CLOSE CHANGE
VOLUME
Week Ending 01/16/98
TORONTO 300 7223.42 5657.96 ^ 6418.68 6056.69 6418.68 +146.25 335,958,700
O&G COMPOSITE 8094.31 *5473.37 ^ 6018.24 5473.37 6018.24 +335.69 58,125,200
INTEGRATED OIL 9729.68 6145.69 ^ 8356.56 7683.29 8356.56 +328.87 6529,800
O&G PRODUCERS 7461.88 *4778.84 ^ 5308.47 4778.84 5308.47 +362.16 49,023,200
O&G SERVICES 4353.30 2086.81 ^ 2527.67 2352.39 2474.56 + 19.70 2,472,200
Week Ending 01/09/98
TORONTO 300 7223.42 5657.96 ^ 6755.85 6255.07 6272.43 -438.95 337,770,000
O&G COMPOSITE 8094.31 *5682.55 ^ 6602.95 5682.55 5682.55 -943.54 74,318,000
INTEGRATED OIL 9729.68 6145.69 ^ 9158.41 8027.69 8027.69 -859.50 12,649,000
O&G PRODUCERS 7461.88 *4946.31 ^ 5835.19 4946.31 4946.31 -909.16 56,928,000
O&G SERVICES 4353.30 2086.81 ^ 3078.56 2429.26 2454.86 -601.79 4,742,000
In the first two weeks of 1998, we have had a viotale two weeks of trading in
the oils. I thought it may be interesting to list the activity over that period.
Note that Monday 1/12/98 was the turning point for the freefalling oils. Focusing
on the oil and gas producers, the group was down 167.47 points on top of the
909.16 points lost the previous week. At that point, the group had lost a total
of 1076.63 points, or 18.4% since we began trading in 1998. However, by the end
of the day, the group had recovered to post a gain of 60.08 points. Monday's
swing amounted to 227.55 points.
Also worth noting is weekly volume from week to week. The TSE 300 was about the
same as in the previous week. However, the volume in the oils was substantially
higher.
* New High or New Low
B-H-S = Buy - Hold - Sell ** Strong Buy
Best viewed by "Remove Navigation".
*Report dated 01/9/98 contained an error.
The Close for the TSE 300 should of read 6272.43, rather than 6711.38.
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