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Gold/Mining/Energy : Strictly: Drilling and oil-field services -- Ignore unavailable to you. Want to Upgrade?

To: Broken_Clock who wrote (16199)	3/23/1998 7:36:00 PM
From: Flan	Respond to of 95453

I guess Papa I am too much of a value player - most of the canadian wireline companies were trading at a 25% DISCOUNT to their american peers when i bought them besides that they were just plain cheap based on earnings growth - CLTDF has shown 100% top line and earnings growth over the last year - I still think there is going to be a heck of alot of consolidation in this area - SLB has the second biggest wireline operation to CLTDF in canada so if they bought them today it would be accretive immediatley. I tell you though that I am getting very frustrated with these illiquid stocks. I would expect value to come to market at some point.. Ehh