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

To: Craig C who wrote (4950)	4/15/1998 6:13:00 PM
From: Kerm Yerman	Respond to of 24921

Craig / Maxx Pete Doesn't look like Maxx wants to lose that disappointment image they've been carrying around for the past couple of years. Efforts in U.S. didn't live up to expectations. Gordon Capital is the only one I know of providing coverage on the company. They have been lowering their 12 month price projection a few times, from a high of $4.00 when coverage started to a now $2.25. They also revised status from BUY to HOLD. Not good. I think shares will lose value between now and a month or so after share consolidation. This might be a play based upon decent discount to net asset value. Will ave to watch a couple of quarters and see what direction they will be growing. Steep discount to NAV doesn't mean a thing if they can't increase reserves and production.