Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Kerm Yerman who wrote (10378)	4/27/1998 4:33:00 AM
From: Kerm Yerman	Read Replies (1) \| Respond to of 15196

PORTFOLIO HOLDINGS SUMMARY REPORT FOR PERIOD ENDING APRIL 17, 1998 (11) \!/ ~(@ @)~ --------------------------o00O(_)O00o--------------------- Current Holdings For Week Ending 04/17/98 .oooO ( ) Oooo. -----------------------\ (-----( )------------------------ \_) ) / (_/ TOP 20 LISTING / PORTFOLIO -------------------------- Company Stock Purchase # Purchase Current Percent Names Symbols Date Shares Price Price Gain/Loss 01. ALBERTA ENERGY T-AEC 122497 100 $27.90 $34.70 + 24.4% 02. ANDERSON EXPLOR. T-AXL 073197 100 $17.60 $18.90 + 07.4% ANDERSON EXPLOR. T-AXL 121697 100 $13.00 $18.90 + 45.4% TOTAL/AVERAGE T-AXL 200 $15.30 $18.90 + 23.6% 03. BERKLEY PETROLEUM T-BKP 122497 200 $13.30 $14.70 + 10.6% BERKLEY PETROLEUM T-BKP 032398 100 $14.10 $14.70 + 04.3% TOTAL/AVERAGE T-BKP 300 $13.56 $14.70 + 08.4% 04. CANADIAN OXY. T-CXY 032398 200 $30.00 $29.75 - 00.9% 05. CARMANAH RES. T-CKM 032097 360 $ 6.80 $ 8.75 + 28.7% 06. CRESTAR ENERGY T-CRS 123096 100 $29.10 $20.30 - 30.3% CRESTAR ENERGY T-CRS 121697 150 $20.00 $20.30 + 01.5% TOTAL/AVERAGE T-CRS 250 $23.64 $20.30 - 14.2% 07. GENESIS EXPLOR. T-GEX 052896 400 $ 2.65 $ 8.00 +201.9% 08. NORTHROCK RES. T-NRK 122397 100 $21.75 $22.75 + 04.6% 09. NORTHSTAR EN T-NEN 032398 200 $ 9.35 $ 9.60 + 02.7% 10. PARAMOUNT RES. T-POU 123096 300 $ 8.37 $16.40 + 96.0% PARAMOUNT RES. T-POU 032398 200 $14.00 $16.40 + 17.2% TOTAL/AVERAGE T-POU 500 $10.62 $16.40 + 54.5% 11. PENN WEST PETE T-PWT 052896 200 $ 8.40 $18.65 +122.1% 12. PETRO-CANADA T-PCA 120597 100 $26.45 $25.15 - 05.0% PETRO-CANADA T-PCA 121697 50 $24.90 $25.15 + 01.0% TOTAL/AVERAGE T-PCA 150 $25.93 $25.15 - 03.0% 13. PINNACLE RES. T-PNN 123096 100 $21.00 $13.95 - 33.6% PINNACLE RES. T-PNN 121697 150 $17.50 $13.95 - 20.0% PINNACLE RES. T-PNN 032398 100 $13.00 $13.95 + 07.3% TOTAL/AVERAGE T-PNN 350 $17.22 $13.95 - 19.0% 14. POCO PETROLEUMS T-POC 060597 200 $14.85 $16.75 + 12.8% POCO PETROLEUMS T-POC 121697 50 $10.90 $16.75 + 53.7% TOTAL/AVERAGE T-POC 250 $14.06 $16.75 + 19.2% 15. REMINGTON ENERGY T-REL 120597 100 $23.00 $18.95 - 17.6% 16. RIO ALTO EXPLOR T-RAX 122397 200 $11.20 $16.90 + 50.9% 17. TALISMAN ENERGY T-TLM 052896 80 $31.10 $42.70 + 39.3% TALISMAN ENERGY T-TLM 121697 20 $42.50 $42.70 + 00.5% TALISMAN ENERGY T-TLM 032398 150 $44.00 $42.70 - 03.0% TOTAL/AVERAGE T-TLM 250 $39.75 $42.70 + 07.5% 18. TARRAGON O & G T- TN 123096 175 $14.80 $ 9.90 - 33.1% TARRAGON O & G T- TN 121697 75 $11.50 $ 9.90 - 14.0% TARRAGON O & G T- TN 021398 150 $ 9.95 $ 9.90 - 00.5% TOTAL/AVERAGE T- TN 400 $12.36 $ 9.90 - 19.9% 19. ULSTER PETROLEUMS T-ULP 011797 300 $10.25 $11.75 + 14.7% ULSTER PETROLEUMS T-ULP 032398 300 $11.85 $11.75 + 00.9% TOTAL/AVERAGE T-ULP 600 $11.05 $11.75 + 06.4% 20. VERMILION RES. T-VRM 052896 400 $ 1.40 $ 9.10 +550.0% SPEC 20 LISTING / PORTFOLIO --------------------------- Company Stock Purchase # Purchase Current Percent Names Symbols Date Shares Price Price Gain/Loss 21. BADGER DAYLIGHT T-BAD 122397 400 $ 5.50 $ 9.30 + 69.1% 22. BIG BEAR EXPLOR. A-BDX 110697 1000 $ 2.90 $ 1.30 - 55.2% 23. BONAVISTA PETE. T-BNP 032498 500 $ 5.70 $ 6.10 + 07.1% 24. CANBAIKAL RES. A-CBQ 110897 1400 $ 1.80 $ 1.00 - 44.5% 25. COMPTON ENERGY T-CMT 110697 1500 $ 1.85 $ 1.85 N/C 26. DRAIG ENERGY A-DRA 122397 1500 $ 1.45 $ 1.30 - 10.4% 27. ENERCHEM INT'L T-ECH 110697 800 $ 3.55 $ 3.15 - 11.3$ 28. HYDUKE CAP. RES. A-HYD 091297 1400 $ 1.90 $ 2.35 + 23.7% HYDUKE CAP. RES. A-HYD 032398 500 $ 1.80 $ 2.35 + 30.6% TOTAL/AVERAGE A-HYD 1900 $ 1.89 $ 2.35 + 25.7% 29. WENZEL DOWNHOLE A-WZL 110697 2000 $ 1.35 $ 1.25 - 07.4% 30. PAN EAST PETE. T-PEC 111497 1200 $ 1.95 $ 2.35 + 20.6% 31. PEAK ENERGY SERV T-PES 110697 400 $ 6.80 $ 3.75 - 44.9% 32. RICHLAND PETE. T-RLP.A 081897 1100 $ 3.65 $ 3.50 - 04.1% RICHLAND PETE. T-RLP.A 032398 500 $ 3.40 $ 3.50 + 03.0% TOTAL/AVERAGE T-RLP.A 1600 $ 3.57 $ 3.50 - 02.0% 33. SPIRE ENERGY T-SEY 123096 1500 $ 1.60 $ 1.93 + 20.7% SPIRE ENERGY T-SEY 032398 500 $ 1.70 $ 1.93 + 13.6% TOTAL/AVERAGE T-SEY 2000 $ 1.63 $ 1.93 + 18.4% 34. TETHYS ENERGY T-TET 060597 1000 $ 1.88 $ 3.00 + 59.6% TETHYS ENERGY T-TET 112797 1000 $ 2.60 $ 3.00 + 15.4% TETHYS ENERGY T-TET 032398 500 $ 3.00 $ 3.00 N/C TOTAL/AVERAGE T-TET 2500 $ 2.39 $ 3.00 + 25.6% 35. TETONKA DRILL T-TDI 122397 1000 $ 2.40 $ 2.25 - 06.3% 36. THUNDER ENERGY T-THY 061197 2100 $ 1.64 $ 2.05 + 25.0% THUNDER ENERGY T-THY 032398 500 $ 1.80 $ 2.05 + 13.9% TOTAL/AVERAGE T-THY 2600 $ 1.67 $ 2.05 + 22.8% 37. TRICAN WELL SVC T-TCW 111297 400 $ 6.50 $ 5.40 - 17.0% 38. UPTON RESOURCES T-URC 052896 600 $ 4.10 $ 3.40 - 17.1% UPTON RESOURCES T-URC 032398 500 $ 3.75 $ 3.40 - 09.4% TOTAL/AVERAGE T-URC 1100 $ 3.94 $ 3.40 - 13.7% 39. WOLVERINE ENERGY A-WVE 122397 2000 $ 1.10 $ 1.14 + 03.7% 40. ZARGON O & G T-ZAR 061497 1000 $ 2.70 $ 3.00 + 11.2% SERV 10 LISTING / PORTFOLIO --------------- Company Stock Purchase # Purchase Current Percent Names Symbols Date Shares Price Price Gain/Loss 41. CDN. FRACMASTER T-FMA 032398 100 $21.50 $23.50 + 09.3% 42. COMPUTALOG T-CGH 032398 200 $18.00 $24.50 + 36.2% 43. DRECO ENERGY SVC. T-DEY 032398 100 $43.50 $55.50 + 27.6% 44. ENERFLEX SYSTEMS T-EFX 032398 100 $38.25 $41.00 + 07.2% 45. MULLEN TRANSP. T-MTL 032398 100 $19.25 $22.00 + 14.3% 46. NQL DRILLING T-NQL.A 032398 200 $11.00 $12.50 + 13.7% 47. PRECISION DRILL T-PD 032398 100 $30.00 $35.25 + 17.5% 48. PRUDENTIAL STEEL T-PTS 032398 200 $14.40 $12.35 - 14.3% 49. RYAN ENERGY TECH. T-RYN 032398 300 $ 9.00 $ 9.95 + 10.6% 50. TESCO CORP. T-TEO 032398 100 $22.40 $25.50 + 05.0%

To: Kerm Yerman who wrote (10378)	1/5/1999 9:54:00 AM
From: Kerm Yerman	Respond to of 15196

REPORTS / Canadian Stock Exchange Closings ---------------------------------------------------------------------- Toronto Stock Exchange - DAILY MARKET SUMMARY FOR Monday, January 4, 1999 04:29 PM TORONTO, Jan. 4 /CNW/ - TSE 300 COMPOSITE INDEX IS UP PERCENTAGE CHANGE 1.05% POINTS CHANGE 68.36 TSE 300 INDEX LEVEL 6554.3 TRADING VOLUME 63,356,363 VALUE $1,150,647,147.00 TRANSACTIONS 43,584 ADVANCING ISSUES 518 DECLINING ISSUES 425 UNCHANGED ISSUES 237 TSE 35 INDEX IS UP PERCENTAGE CHANGE 1.81% POINTS CHANGE 6.4 TSE 35 INDEX LEVEL 358.36 TSE 100 INDEX IS UP PERCENTAGE CHANGE 1.19% TOTAL POINTS CHANGE 4.8 TSE 100 INDEX LEVEL 402.06 13 OF THE SUB-GROUP INDICES ARE HIGHER CONSUMER PRODUCTS IS UP 1.56% OR 188.83 TO 12312.09 ACTIVE STOCKS BID.COM INTERNATIONAL IS UP $0.18 TO $ 3.80 NEXFOR INC. IS DOWN $0.05 TO $ 6.00 LARGE PRICE CHANGES FAIRFAX FINANCIAL SERVICES IS DOWN $5.00 TO $535.00 GENERAL MOTORS IS DOWN $6.50 TO $107.00 ---------------------------------------------------------------------- THE MONTREAL EXCHANGE - DAILY STOCK MARKET THE Montreal Exchange Daily Stock Market Report Closing Date: 04-01-99 General activity on The Montreal Exchange at 4 p.m. (including the early morning session): Trading SLOW Volume traded: 7.2 million shares Value traded: 91.3 million dollars Indices: XXM close +60.69 3393.95 high 3402.21 low 3363.41 Montreal Exchange most active stocks: BIOCHEM PHARMA +0.70 44.80 BOMBARDIER Cl B +0.45 22.35 CGI (GROUPE)Cl A +0.50 30.75 KNOWLEDGE HOUSE UNCHANGED 2.00 DENISON MINES +0.005 0.095 ---------------------------------------------------------------------- The Alberta Stock Exchange Closing Market Report for Monday, January 4, 1999 CALGARY, Jan. 4 /CNW/ - ALBERTA STOCK EXCHANGE Daily Trading Summary for: 1/04/1999 Time: 16:13:20 Shares Dollar Issues Traded Value Traded Advances Declines Unchanged 8,914,892 4,016,672.75 291 106 106 79 Net Top Five Dollar Value Volume Close Change Trades 1,177,635.00 TELEBACKUP SYSTEMS 115,900 10.150 25 220,887.80 NETALCO CORPORATION 2,598,680 .085 .015- 1 200,700.00 SEPIK GOLD CORPORATIO 502,000 .400 .120 2 170,761.75 AASTRA TECHNOLOGIES L 50,199 3.600 .450 23 141,102.70 CYBERPLEX INC 35,933 3.990 .190 26 Net Trades 2,598,680 NETALCO CORPORATION 220,887 .085 .015- 1 502,000 SEPIK GOLD CORPORATIO 200,700 .400 .120 2 382,005 SAVANNA RESOURCES LTD 7,605 .020 .005 5 341,000 ENDEAVOUR RESOURCES 68,450 .210 .050 5 180,000 DISCOVERWARE INC 19,300 .110 .010 8 Alberta Stock Exchange Combined Value Index: 1,775.28 Change: 13.96 (x)J-JCP Total Number of Trades: 1,130 ---------------------------------------------------------------------- MSE Not Available ---------------------------------------------------------------------- MONTREAL EXCHANGE JANUARY 4, 1999 RE: 1998 at the Montreal Exchange - An Outstanding Year for Futures Contracts, a Good Increase for Stock Options and a Slight Reduction for Equities MONTREAL, QUEBEC-- Futures Contracts Total number of futures contracts traded at the Montreal Exchange in 1998 is 8,685,429 - the highest level ever reached - compared to 5,463,691 contracts in 1997, an increase of 58.97 percent. The BAX - The Three-month Canadian Bankers' Acceptance Futures contract - which celebrated its 10th anniversary in April, finishes the year with an increase of 64.34 percent compared to 1997, while the CGB - The Ten-year Government of Canada Bond Futures-which will in turn celebrate its 10th Anniversary in 1999, is up by 44.31 percent. Volatility in interest rates and on the Canadian dollar, as well as the fact that the BAX contract continues to act as a leading price indicator for the Canadian money market have brought record highs for these two contracts and an increase in daily average figures which are currently set for 1998 at 27,105 contracts for the BAX and at 7,319 for the CGB compared to 16,493 and 5,072 in 1997. Daily Monthly Open Volume Volume Interest ______________________________________ BAX 126,747 880,158 412,157 August 27 August August 28 ______________________________________ CGB 41,649 238,224 103,279 August 26 August September 3 ______________________________________ Stock Options In 1998, number of contracts traded on stock options reached 1,413,432 contracts, an increase of 22.78 percent compared to the previous year. This increase is partly due to emerging sectors (high technology, biotechnology and telecommunications) as well as the banking industry whose underlying values dominated the markets in 1998. Moreover, it is the largest number of contracts traded at the Montreal Exchange since stock options were listed in 1975. The five most actively traded options classes for 1998 (by volume): Option classes Symbol Number of contracts traded in 1998 _______________________________________________________________ ATI Technologies Inc. ATY 289,064 _______________________________________________________________ Bombardier Inc., Class B BBD 162,267 _______________________________________________________________ Bank of Montreal BMO 131,169 _______________________________________________________________ BioChem Pharma inc. BCH 98,750 _______________________________________________________________ National Bank of Canada NA 87,082 _______________________________________________________________ Equity market In 1998, the total number of shares traded at the Montreal Exchange was 3.53 billion for a total value of $55.65 billion, respective decreases of 18.35 percent and 10.12 percent over the previous year. As such, daily volume was 14 million shares for a daily value of $220 million. Some 1.86 million transactions took place at the Montreal Exchange during the year. As for the market share, based on total value traded in the Canadian market, it was 10.04 percent for 1998, a decrease of 2.40 points. This can be explained by a reduction in institutional activity at the Montreal Exchange during 1998, activity which represent 70 percent of total value traded. As for retail activity, it remains unchanged over the previous year. The most actively traded stocks in 1998 in terms of value are: Issues Symbol Value Traded ($ billion) ______________________________________________________________ Royal Bank of Canada RY 2.2 ______________________________________________________________ BCE Inc. BCE 2.1 ______________________________________________________________ BioChem Pharma Inc. BCH 1.9 ______________________________________________________________ Bombardier Inc., Class B BBD.B 1.8 ______________________________________________________________ CGI Group Inc., Class A GIB.A 1.6 ______________________________________________________________ Indices The Canadian Market Portfolio Index (XXM) closed the year at 3,333.26, a decrease of 71.20 points or 2.09 percent over 1997, following closely the other Canadian indices. During 1998, the XXM reached its highest level on May 25, closing at 3,965.05 points, while the lowest closing was 2,719.24 points on October 5. New Listings and Market Capitalization As of December 31, 1998, the Montreal Exchange is home to 579 listed companies, 34 of which were new listings, for a total of 820 issues. Market capitalization is $909 billion compared to $751 billion in 1997. Among the 34 new listings, 24 of them proceeded to an initial public offering (IPO) which represent a total value of $3.23 billion.

To: Kerm Yerman who wrote (10378)	1/5/1999 10:00:00 AM
From: Kerm Yerman	Respond to of 15196

REPORT / Petroleum Report for Monday, January 04, 1999 Energy futures traded Monday on the New York Mercantile Exchange received a boost from the frigid weather that swept across the United States over the weekend. Crude oil futures prices also received a lift from concern over the latest bellicose statements from Iraqi President Saddam Hussein. Heating oil and natural gas futures prices were pushed higher by the blast of cold weather that began moving across the nation last week and intensified over the weekend, according to analysts. Forecasts call for continued cold over the next six to 10 days, particularly in the Midwest, which relies primarily on natural gas to warm homes. Crude oil futures prices were boosted by Saddam's Sunday address to his cabinet, in which he said the ''no-fly'' zones imposed on Iraq flout the will of all Arabs. He called the zones illegal and vowed that Iraq will fight violations of its airspace. The no-fly zones, which cover about two-thirds of Iraq, were set up by the United States, Britain and France after the 1991 Persian Gulf War to stop Iraq from using its air force against Kurdish rebels. (AP) --------------------CRUDE OIL-LIGHT SWEET--------------------- NYM - 1,000 bbl_dollars per bbl. CONTRACT OPEN HIGH LOW SETTLE CHANGE HIGH LOW Feb 99 12.15 12.42 12.06 12.34 +.29 20.79 10.75 Mar 99 12.31 12.52 12.22 12.47 +.28 20.40 11.10 Apr 99 12.51 12.67 12.49 12.63 +.23 20.79 11.35 May 99 12.75 12.85 12.65 12.80 +.20 20.79 11.63 Jun 99 12.94 13.03 12.80 12.96 +.18 20.42 11.48 Jul 99 13.04 13.15 13.04 13.13 +.18 20.40 12.20 Aug 99 13.20 13.30 13.20 13.28 +.16 20.04 12.51 Sep 99 13.45 13.45 13.40 13.43 +.14 20.33 12.76 Oct 99 13.64 13.64 13.58 13.58 +.12 20.14 12.97 Nov 99 13.80 13.80 13.73 13.73 +.11 20.60 13.17 Dec 99 13.90 13.95 13.86 13.88 +.10 20.34 13.37 Jan 00 14.00 14.02 14.00 14.02 +.08 19.88 13.57 Feb 00 14.06 14.18 14.06 14.16 +.07 20.16 13.78 Mar 00 14.30 14.30 14.29 14.29 +.06 20.10 13.96 Jun 00 14.69 14.69 14.63 14.63 +.03 20.34 14.41 Dec 00 15.35 15.35 15.33 15.33 +.03 20.10 15.19 Jan 01 15.45 15.45 15.42 15.42 +.02 17.32 15.32 Feb 01 15.55 15.55 15.51 15.51 +.01 17.37 15.41 Est. Sales 118672 -------------------------HEATING OIL------------------------- NYM - 42,000 gal_cents per gal CONTRACT OPEN HIGH LOW SETTLE CHANGE HIGH LOW Feb 99 34.79 35.50 34.55 35.14 +.86 58.50 32.40 Mar 99 35.09 35.80 35.00 35.59 +.91 58.81 33.10 Apr 99 35.25 35.95 35.25 35.79 +.91 59.00 33.70 May 99 35.50 36.20 35.50 36.09 +.91 54.56 34.30 Jun 99 36.30 36.70 36.30 36.64 +.91 52.75 35.05 Jul 99 37.25 37.65 37.25 37.39 +.91 52.90 35.85 Aug 99 38.00 38.40 38.00 38.19 +.91 50.55 36.70 Sep 99 39.20 39.20 39.04 39.04 +.86 52.00 37.60 Oct 99 40.10 40.10 39.84 39.84 +.86 52.00 38.45 Nov 99 40.50 40.95 40.50 40.69 +.86 52.44 39.34 Jan 00 41.90 42.10 41.90 42.09 +.86 50.75 40.74 Feb 00 42.25 42.40 42.04 42.04 +.81 50.08 40.74 Est. Sales 28046 --------------------------NATURAL GAS------------------------- NYM - 10,000 mm british thermal units. CONTRACT OPEN HIGH LOW SETTLE CHANGE HIGH LOW Feb 99 2.020 2.085 2.020 2.071 +.126 2.770 1.770 Mar 99 2.020 2.070 2.010 2.053 +.117 2.600 1.790 Apr 99 1.950 2.010 1.950 2.003 +.100 2.440 1.790 May 99 1.975 2.000 1.970 2.000 +.092 2.380 1.820 Jun 99 1.970 2.005 1.970 2.005 +.088 2.380 1.860 Jul 99 1.990 2.010 1.980 2.010 +.076 2.390 1.875 Aug 99 2.000 2.020 2.000 2.020 +.062 2.390 1.920 Sep 99 2.030 2.040 2.015 2.030 +.045 2.380 1.950 Oct 99 2.070 2.070 2.050 2.060 +.038 2.415 1.997 Nov 99 2.200 2.200 2.180 2.185 +.030 2.535 2.140 Dec 99 2.360 2.360 2.340 2.350 +.030 2.680 2.213 Feb 00 2.320 2.330 2.320 2.329 +.025 2.545 2.300 Mar 00 2.240 2.240 2.220 2.230 +.025 2.426 2.195 Apr 00 2.145 2.145 2.130 2.138 +.023 2.320 2.115 May 00 2.120 2.120 2.110 2.112 +.022 2.300 2.090 Jun 00 2.130 2.130 2.116 2.116 +.022 2.308 2.094 Jul 00 2.140 2.140 2.129 2.129 +.022 2.320 2.099 Aug 00 2.146 2.146 2.134 2.134 +.018 2.320 2.102 Sep 00 2.152 2.152 2.137 2.137 +.015 2.321 2.102 Oct 00 2.175 2.175 2.159 2.159 +.012 2.341 2.100 Nov 00 2.290 2.290 2.285 2.285 +.010 2.469 2.048 Dec 00 2.425 2.431 2.425 2.431 +.010 2.615 0.244 Jan 01 2.475 2.475 2.474 2.474 +.010 2.613 2.464 Feb 01 2.355 2.355 2.350 2.350 +.010 2.505 2.340 Mar 01 2.251 2.251 2.251 2.251 +.010 2.410 2.241 Apr 01 2.172 2.172 2.152 2.152 +.010 2.315 2.137 May 01 2.157 2.157 2.137 2.137 +.010 2.305 2.130 Jun 01 2.159 2.159 2.139 2.139 +.010 2.291 2.139 Jul 01 2.159 2.159 2.139 2.139 +.010 2.291 2.139 Aug 01 2.166 2.166 2.146 2.146 +.010 2.273 2.146 Sep 01 2.172 2.172 2.152 2.152 +.010 2.220 2.145 Oct 01 2.197 2.197 2.177 2.177 +.010 2.223 2.177 Nov 01 2.315 2.315 2.315 2.315 +.010 2.379 2.300 Dec 01 2.454 2.454 2.454 2.454 +.010 2.500 2.446 Jan 02 2.494 2.494 2.494 2.494 +.010 2.494 2.484 Est. Sales 54011 ------------------------UNLEADED GAS-------------------------- NYM - 42,000 gal_cents per gal CONTRACT OPEN HIGH LOW SETTLE CHANGE HIGH LOW Feb 99 36.75 37.70 36.65 37.52 +.97 52.75 34.10 Mar 99 38.00 38.65 37.85 38.55 +.92 52.30 35.60 Apr 99 40.95 41.60 40.90 41.60 +.82 55.00 38.70 May 99 42.15 42.60 42.15 42.50 +.82 55.83 39.90 Jun 99 42.50 43.10 42.50 43.10 +.82 54.70 40.70 Jul 99 43.00 43.55 43.00 43.55 +.77 52.60 41.20 Aug 99 43.25 43.85 43.25 43.85 +.77 52.15 41.90 Sep 99 43.30 43.80 43.30 43.80 +.72 50.65 42.57 Dec 99 42.65 42.75 42.65 42.75 +.57 44.41 41.65 Est. Sales 18901

To: Kerm Yerman who wrote (10378)	1/5/1999 6:32:00 PM
From: Kerm Yerman	Respond to of 15196

DIVIDEND / Gulf Canada Resources Confirms December 1998 Dividend Rate for Series 1 Preference Shares DENVER, CO, Jan. 5 /CNW/ - Gulf Canada Resources Limited today announced that the dividend rate for the month of December 1998 for Gulf Canada Resources Limited's Fixed/Adjustable Rate Senior Preference Shares, Series 1, has been calculated at $0.023 per share. The dividend is payable January 12, 1999 to shareholders of record at the close of business on December 31, 1998.

To: Kerm Yerman who wrote (10378)	1/5/1999 6:40:00 PM
From: Kerm Yerman	Respond to of 15196

FINANCING / BriAlto Energy Closes Private Placement CALGARY, Jan. 5 /CNW/ - Alan R. Tolg, President and CEO, BriAlto Energy Corporation, reports that on December 31, 1998, BriAlto closed a private placement of 1.42 million flow-through common shares, of the Company, at an issue price of $0.45 per share for gross proceeds of $639,000. The offering was conducted by officers of the Corporation, assisted by Stirling Bond, and directed to ''close friends and business associates'' of promoters of BriAlto. Officers and directors subscribed for 32 % of the issue. Subscribers are entitled to a 100% tax deduction for calendar 1998, as the proceeds are dedicated to BriAlto's exploration and development activities in the Two Creek (Virginia Hills) Area of Alberta and southeastern Saskatchewan.

To: Kerm Yerman who wrote (10378)	1/5/1999 6:48:00 PM
From: Kerm Yerman	Respond to of 15196

WSE NOTICE / Mercantile International Petroleum Inc. Suspended WINNIPEG, Jan. 5 /CNW/ - To: WCT Traders, WSE Seat Members,and Information Providers Subject: Suspended - Mercantile International Petroleum Inc. ------------------------------------------------------------------------ COMPANY: Mercantile International Petroleum Inc. SECURITY SYMBOL: MPT.U and MPT.DB.U SECURITY NAME: Mercantile International Petroleum Inc. Common Shares and 11.5% 05/11/2002 Debenture CUSIP: G5994R100 and G5994LAB9 NOTICE TYPE: Suspended Effective December 31, 1998, trading in Mercantile International Petroleum Inc. common shares and 11.50% 05/11/2002 debentures was halted on The Winnipeg Stock Exchange pending further information from the company. As there has been no further information from Mercantile International Petroleum Inc., the Exchange is suspending the above securities from trading as of 13:00 Winnipeg time.

To: Kerm Yerman who wrote (10378)	1/5/1999 6:53:00 PM
From: Kerm Yerman	Respond to of 15196

CORP. NOTICE / Imperial Oil Limited Settlement TORONTO, Jan. 5 /CNW/ - Imperial Oil Limited today announced a final settlement with the province of Alberta for a refund of $155 million related to a number of taxation issues in its natural-resource business between 1981 and 1990. The refund includes about $80 million in taxable interest. A portion of the refund was recognized in company earnings of previous years. As a result, this settlement and related tax issues will provide an earnings gain of about $74 million, after tax, which will be recorded in the fourth quarter of 1998. The settlement is based on previously announced federal tax refunds received in March 1996 and September 1998, which arose mainly from a 1992 decision by the Federal Court of Appeal in The Queen vs. Gulf Canada Limited.

To: Kerm Yerman who wrote (10378)	1/5/1999 7:01:00 PM
From: Kerm Yerman	Respond to of 15196

EARNINGS / Player Petroleum Corporation First Quarter Financial Results CALGARY, Jan. 5 /CNW/ - Player Petroleum Corporation is pleased to present financial results for the first quarter ended October 31, 1998. ------------------------------------------------------------------------- Three months ended Three months ended October 31 (unaudited) 1998 1997 October 31 (unaudited) 1998 1997 ------------------------------------------------------------------------- Oil and Gas Revenue Daily Production ($'000) 1,522 59 (boepd) 815 37 Cash Flow ($'000) 1,147 14 Shares outstanding (mm) Per Share (Basic) 0.16 - End of period 7.6 6.4 Weighted average 7.3 5.1 Net Earnings ($'000) 439 (7) Per Share (Basic) 0.06 - Working Capital ($'000) 405 342 Capital Expenditures ($'000) 1,231 693 Debt 0 0 ------------------------------------------------------------------------- Player Petroleum Corporation continues to turn ongoing operational success into solid financial gains. Production gains and a strong gas price environment increased cash flow for the three months to $1,146,505 or $0.16 per share, from a cash flow of $13,900 for the three months ended October 31, 1997. Net earnings for the three months reached $439,323 or $0.06 per share, compared to a loss of $6,739 per share for 1997. The Company had working capital of $404,994 and no debt at the end of the first quarter. Capital expenditures totalled $1,230,868 for the three months ended October 31, 1998 compared to $693,203 for the same period one year ago. Production for the quarter averaged 815 boepd with an exit rate of 850 boepd at October 31, 1998. Current production is 1,000 boepd. Player's 1999 capital expenditure budget is $6.5 million for exploration and drilling in its core area of east central Alberta. Player Petroleum Corporation is a Canadian natural gas producer based in Calgary, Alberta. Common shares are listed on the Vancouver Stock Exchange under the symbol PYP.

To: Kerm Yerman who wrote (10378)	1/5/1999 7:09:00 PM
From: Kerm Yerman	Respond to of 15196

ENERGY TRUSTS / PrimeWest Energy Trust Responds to Directors' Circulars of Starcor and Orion, Urges Unitholders to Tender CALGARY, Jan. 5 /CNW/ - PrimeWest Energy Trust (PrimeWest) today responded to circulars issued by the boards of directors representing Starcor Energy Royalty Fund (Starcor) and Orion Energy Trust (Orion) in response to PrimeWest's offers for the outstanding units of Starcor and Orion. PrimeWest urged unitholders of Starcor and Orion to tender their units under PrimeWest's offers, thereby taking advantage of the benefits that will come from combining the three trusts. ''There is a strong business case for accepting our offers,'' said Harold Milavsky, Chairman of PrimeWest. ''We have made a number of efforts to meet with Starcor and Orion to more fully describe the benefits of our offers, and continue to be willing to meet with them at their convenience. We strongly urge unitholders to consider the benefits of our offers, and to tender their units. We believe that all unitholders will benefit from participating in PrimeWest - a trust that is managed by an experienced team with a successful track record.'' ''Combining these trusts clearly makes sense,'' said Kent MacIntyre, Vice-Chairman and Chief Executive Officer of PrimeWest. ''This is an attractive opportunity for Starcor and Orion unitholders to participate in a stronger, larger, more efficient oil and gas trust.'' PrimeWest rebutted reasons cited by the Starcor and Orion boards of directors for recommending rejection of the PrimeWest offers, made on December 21, 1998: - With respect to the contention that the offers do not adequately reflect Starcor's and/or Orion's net asset value: PrimeWest believes that the best indicator of value is the market price of the Starcor and Orion units. PrimeWest's offers represent a 15 percent premium to the market prices of both Starcor and Orion units on the date prior to the announcement of the offers. While the unit values of the entire oil and gas trust sector, including Starcor, Orion and PrimeWest, have declined, all unitholders of the combined trust, including current unitholders of Starcor and Orion, will benefit from more favourable market conditions. In addition, the combined trust should enjoy enhanced liquidity for its units, resulting in a lower yield applicable to such units, and thereby increasing the market value for those units. - With respect to the contention that there is no business case for the offers: As outlined in its offers, PrimeWest carefully considered the financial, operational and distributions improvements that would result from combining the trusts. These benefits provide a compelling business case for the offers. - With respect to the contention that the offers are dilutive to unitholders: PrimeWest's analysis demonstrates that the transaction will be accretive to future distributions per unit for Starcor and Orion unitholders. This analysis takes into consideration the proposed exchange ratios and all costs which PrimeWest anticipates incurring in completing the offers, including acquisition fees to be paid to the PrimeWest manager and estimated termination fees to be paid to the managers of Starcor and Orion. It identifies cost efficiencies associated with reduced management fees, general and administrative expense reductions and operating synergies, expected to be more than $4 million annually. It also takes into account the aggressive pursuit of new development opportunities and property enhancements. - With respect to the contention that management fees will increase: Under the terms of the offers, PrimeWest is proposing to reduce the cash portion of its management fee. Starcor's cash management fee for the 12 months ended September 30, 1998 was $1.06 per barrel of oil equivalent (BOE) produced, and Orion's cash management fee was $0.38 per BOE produced over the same period. PrimeWest's cash management fee was $0.26 per BOE over the same period. None of the foregoing figures take into account fees commonly paid to trust managers as a means of encouraging asset replacement. PrimeWest estimates that the cash management fee for the combined entity, as reduced from 2.5% of net production revenue to 1.75% of net production revenue, would have been $0.23 per BOE produced (which includes the effect of the one percent retained royalty payable to the PrimeWest manager as an ownership dividend) over that time period, had the combination been completed at the beginning of that period. As is the case with Orion, PrimeWest's management fee structure includes a non-cash component, designed to encourage alignment between the interests of the trust manager and those of unitholders. While not directly reducing cash distributions payable to unitholders, the cash equivalent value of this compensation would have amounted to $0.07 per BOE produced over the same period. - With respect to the contention that general and administrative (G&A) expenses will rise: PrimeWest distinguishes itself from its competitors by investing in highly competent technical personnel who deliver sector-leading low-cost reserve additions, the value of which far outweighs the G&A costs incurred. - With respect to the contention that PrimeWest's production has sharply declined in 1998: Contrary to this contention, PrimeWest's average daily production rate is expected to be more than 30 percent higher in 1998 than it was in 1997, based on PrimeWest's third quarter operating results and estimates for the fourth quarter of 1998. PrimeWest's 1998 year-end reserves report is currently being finalized; based on preliminary discussions with the independent engineering consultant, no material negative revisions are anticipated. Further, in 1998, PrimeWest replaced 170% of its production through acquisitions, net of dispositions. Additional reserve assignments resulting from PrimeWest's 1998 property enhancement program are expected to be confirmed by the year-end reserves report. - With respect to the contention that reserve life index and natural gas exposure will decline: PrimeWest acknowledges that, initially, the established reserve life index for the combined entity will be slightly shorter than that of Starcor. However, PrimeWest's property enhancement strategy is expected to increase reserve recovery year by year, adding to ultimate recoverable reserves over time. On this basis, PrimeWest considers that the transaction will be accretive to the combined entity's reserve life index. Moreover, PrimeWest brings to the combined entity the greatest exposure to natural gas on a reserve basis. In addition to operating synergies from property proximity among the trusts, PrimeWest reiterated five key benefits that would accrue to unitholders if a combination were to occur: 1. The offer represents a 15 percent premium to the market price of Starcor and Orion units on December 10, 1998, the day before the PrimeWest announcement. 2. Having regard to the exchange ratios in the offers, there will be a sustainable increase in cash distributions per unit. 3. A larger trust will enjoy enhanced liquidity and access to capital. Market capitalization of the combined entity will rank a solid third among conventional oil and gas trusts, and this will likely mean increased access to lower-cost capital for future reserve additions and distributions growth. 4. A combined trust will have reduced operational risk through the diversification of assets. The increase in the number of core properties in the combined entity will serve to reduce risk. Moreover, the combined entity will have a high degree of control through operatorship. 5. There may be potential positive tax effects. Starcor and Orion unitholders who accept the PrimeWest offers will realize a capital loss that may be used to offset capital gains elsewhere, to the extent that the value of the PrimeWest units received in exchange for their Starcor or Orion units is less than their adjusted cost base. PrimeWest will hold a conference call describing the benefits of the offers on Thursday, January 7, 1999 at 7:00 a.m. (Calgary time). Interested parties may attend by calling 1 (800) 997 6722. On December 11, 1998, PrimeWest announced offers to purchase all of the outstanding trust units of Starcor Energy Royalty Fund and of Orion Energy Trust. PrimeWest retained CIBC Wood Gundy Securities Inc. to act as financial advisor for the offers. Under the terms of the offers, PrimeWest would issue 1.207 PrimeWest units for each Starcor unit, and 0.968 PrimeWest units for each Orion unit. These offers were mailed to holders of Starcor and Orion units on December 21, 1998, and are set to expire on January 12, 1999. Units of PrimeWest Energy Trust are traded on The Toronto Stock Exchange under the symbol ''PWI.UN''. The company's website is www.prime-west.com.

To: Kerm Yerman who wrote (10378)	1/5/1999 7:15:00 PM
From: Kerm Yerman	Respond to of 15196

SERVICE SECTOR / Shaw Industries Ltd. Completes Acquisition of DM40 Million European Heat Shrink Business TORONTO, Jan. 5 /CNW/ - Shaw Industries Ltd. (TSE - SHL.A SHL.B) today announced that, effective December 31, 1998, the acquisition of DSG Schrumpfschlauch GmbH, a German privately held developer and manufacturer of heat shrink products, was completed. Sales volume of DSG for the 1998 calendar year was in the range of Deutsche Marks 40 million. DSG is a leading developer, manufacturer and supplier of heat shrink products primarily to the European market with research, development and manufacturing facilities located in Meckenheim and Langewiesen, Germany and Czluchow, Poland. DSG is an important acquisition as Shaw Industries continues to pursue its strategy of achieving a leading global position in all of its major business segments. DSG will become a unit within the company's Canusa-EMI heat shrinkable products division and will provide added global breadth as well as additional development capabilities and a range of new products which will be manufactured and marketed in other geographic areas served by Canusa-EMI. Shaw Industries is a major supplier to the energy industry providing products and services for exploration and production, pipeline, petrochemical and industrial markets. The company operates through seven wholly owned divisions and its 50/50 pipe coating joint venture, the Bredero-Shaw Group.

To: Kerm Yerman who wrote (10378)	1/5/1999 7:55:00 PM
From: Kerm Yerman	Read Replies (11) \| Respond to of 15196

IN THE NEWS / Cold not enough to alter producers' bottom line Gas storage levels high Ian McKinnon - Financial Post, with files from Bloomberg News Frigid temperatures across much of the United States and Canada have lit a fire under natural gas prices, but the bottom line of many Canadian energy producers will not be affected much because of hedging and the high amounts of gas in storage. On the New York Mercantile Exchange Monday, natural gas for February delivery rose 12.6¢, or 6.5%, to $2.071 (US) per million British thermal units (mmBtu), after rising 3.6% on Dec. 31 to $1.95 (US). The surge in the benchmark North American gas contract on the final day of 1998 was sparked by cold weather causing the largest drop in gas storage levels in more than two years. The American Gas Association estimated gas stockpiled in caverns and reservoirs dropped 167 billion cubic feet, almost 6%, in the week ended Dec. 25. After seven straight sinking sessions, the upwards trend was established on Dec. 30, when the February contract jumped 10.5¢ (US) to $1.89l (US) per mmBtu following cold weather forecasts. Spot prices in Alberta also strengthened. Spot traded at the major provincial hub in the range of $2.50 (Cdn) per gigajoule, a considerable recovery from lows of around $1.10 in early December. The Toronto Stock Exchange oil & gas subindex rose 2.46%. While the rise started the new year on a good note, gas traders and producers aren't breaking out the champagne. The amount of gas in U.S. storage facilities is still 29% above year-ago levels, or 633 bcf higher. This means an extra 6.6 bcf available to buyers will weigh on the market until the end of March, the traditional end of winter in the gas business. "We're still well above 1994-95 levels, so I think it's going to take at least a month to work this surplus off," said Tom Pena, analyst with ED&F Man Inc. in New York. Inventories need to drop more than 200 bcf per week through the end of January to dwindle to typical seasonal levels, he said. Kenk VanderSchee, senior gas analyst with Energy Era Corp. in Calgary, agreed that a few days of shovelling snow and plugging in vehicle block heaters does not a winter make. Increased pipeline capacity has tightened the links between Canada and the United States, making the U.S. economy critical to gas prices north of the border. He said he is bearish about U.S. gas prices because of new supplies scheduled to flow from the Gulf of Mexico, a prime oil and gas producing basin, competition from cheap oil, and the impact of global recession on the U.S. economy. A recent report by Peters & Co. Ltd. said the tardy appearance of winter caused af number of agencies and analysts to revise downward their expectations for U.S. gas prices. The Washington based Energy Information Administration now predicts an average wellhead price of $1.90 (US) per mcf in 1999, down from its previous figure of $2.10. But the Calgary based investment boutique is sticking with its target of Canadian gas prices averaging $2.50 (Cdn) per mcf next year. The brokerage said it's too early to write off winter's impact on storage. Another factor is reduced capital spending by cash-poor producers, which are hobbled by low oil prices, high debt, and disinterested equity markets. Influencing the bottom line of Calgary' players is the amount of hedging to secure high prices. One analyst estimated one-third of Canadian gas has been pre-sold at an average $2.50 per mcf.