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Gold/Mining/Energy : KERM'S KORNER -- Ignore unavailable to you. Want to Upgrade?

To: Kerm Yerman who wrote (9690)	3/23/1998 4:47:00 AM
From: Kerm Yerman	Read Replies (3) \| Respond to of 15196

BULLETIN - BULLETIN / MAJOR RESTRUCTURING OF MY SERVICE SECTOR LISTING AND TWO ADDITIONS TO TOP 21 LISTING At the beginning of the year, I revamped my TOP 21 Listing and Portfolio to reflect my belief that quality issues would lead any recovery in oil and gas. I also placed heavy emphasis on companies which have production and reserve leverage towards natural gas. Part II of my investment strategy was to take the same investment stance involving companies in the service sector. I never made those changes because the oil and gas sector fell further into a tailspin and the timing wasn't appropriate. I also mentioned that with a telltale sign, I would be jumping into the sector once again. Well, I think current events regarding the price of oil and action taken by OPEC has convinced me that the sector is ripe for investment once again. It still might be bumpy over the next few months, but I think it is wise to begin buying now. I am no longer concerned as to where to invest my capital as far as gas versus oil. Natural gas is a great longer term investment, but not necessarily over the coming six months. With the winter coming to an end in the near term and storage levels at a much higher level than last year (50%+), prices should fall off pretty good. Come fall, all holders in gas leveraged companies can once again become excited -- for prospects will indeed be very attractive. Oil leveraged stocks should benefit more so over the near term. Either/or, the future holds promise for both. There will be a reduction in drilling this year and I think at a rate more than that projected. However, tha doesn't concern me as far as investment in the energy sector is involved. The reduce rates are still healthy and these companies should continue to benefit. Here's the action I am taking at this time. ---------------------------------------------------------------------- I am creating an entire new Service Sector Listing and Portfolio consisting of ten (10) companies. The following purchases are to be made Monday. 100 shares CFC Canadian Fracmaster 200 shares CGH Computalog Ltd. 100 shares DEY Dreco Energy Service Group 100 shares EFX Enerflex Systems 100 shares MTL Mullen Transportation 200 shares NQL.A NQL Drilling Tools 100 shares PD Precision Drilling 200 shares PTS Prudential Steel 300 shares RYN Ryan Energy Technologies 100 shares TEO Tesco Corp. ---------------------------------------------------------------------- I am also choosing to fill the void currently in my Top 21 listing and Portfolio. The following companies are to be added with purchase Monday. 200 shares CXY Canadian Occidental Petroleum 200 shares NEN Northstar Energy By Friday end, I will be dropping one company from the listing to round out holdings to 20 companies. ---------------------------------------------------------------------- The companies comprising the old Service Sector Listing and Portfolio will be transferred into the Speculative Listing which is to increase in quantity (20) to cover both producers and service companies. By Friday end, I will be selling some of the existing holdings to reduce the overall quantity to 20. ---------------------------------------------------------------------- Companies covered in all three listings will now total 50. ---------------------------------------------------------------------- The following are increases to current postions in my Top 21 Portfolio. Purchases are planned to take place Monday. 150 shares TLM Talisman Energy 300 shares ULP Ulster Petroleums 100 shares PNN Pinnacle Resources 100 shares BKP Berkley Petroleum 200 shares POU Paramount Resources ---------------------------------------------------------------------- The following are increases to current positions in my Speculative 15 Portfolio. Purchases are planned to take place Monday. 500 shares RLP.A Richland Petroleum 500 shares TET Tethys Energy 500 shares THY Thunder Energy 500 shares URC Upton Resources 500 shares HYD Hyduke Capital All purchases on Monday will be posted at day end with pricing / transaction details. ---------------------------------------------------------------------- Listing and portfolio details will be updated this coming weekend. END