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

To: Kerm Yerman who wrote (10379)	4/27/1998 8:25:00 AM
From: Kerm Yerman	Read Replies (2) \| Respond to of 15196

MARKET ACTIVITY / KERM'S TOP 20 WEEKLY REPORT ENDING APRIL 24, 1998 (12) \!/ ~(@ @)~ --------------------------o00O(_)O00o---------------------- Top Twenty Weekly Trading Summary Report For Week Ending 04/24/98 .oooO ( ) Oooo. -----------------------\ (-----( )------------------------ \_) ) / (_/ COMPANY STK ( 52 WEEK ) (TRADING ACTIVITY WEEKLY SUMMARY) REC NAME SYM HIGH LOW HIGH LOW LAST CHG VOLUME B-A-H ALBERTA ENERGY T-AEC 36.30 25.75 ^ 34.75 34.00 34.05 -0.65 728,200 H ANDERSON EXPLORATION T-AXL 19.40 12.50 ^ 18.85 17.25 17.35 -1.55 1,573,700 H BERKLEY PETROLEUM T/BKP 18.35 10.92 ^ 14.65 13.65 13.85 -0.85 1,829,200 A CANADIAN OCCIDENTAL T/CXY 40.80 25.00 ^ 30.05 29.00 29.55 -0.20 1,534,300 B CARMANAH RESOURCES T-CKM 8.90 4.30 ^ 8.80 7.65 7.95 -0.80 567,900 H CRESTAR ENERGY T-CRS 27.95 18.00 ^ 20.50 20.05 20.05 -0.25 551,600 A GENESIS EXPLORATION T-GEX 9.60 4.50 ^ 8.10 7.50 7.70 -0.30 113,600 A NORTHSTAR ENERGY T/NEN 13.35 7.60 ^ 9.95 9.55 9.75 +0.15 1,195,900 A NORTHROCK RESOURCES T-NRK 26.90 15.10 ^ 23.25 22.70 22.75 +0.00 640,100 H PARAMOUNT RESOURCES T-POU 17.75 8.68 ^ 16.50 15.25 15.25 -1.15 68,900 A PENN WEST PETROLEUM T-PWT 20.20 13.00 ^ 19.45 18.25 18.40 -0.25 395,900 A PETRO-CANADA T-PCA 29.85 21.55 ^ 25.35 24.05 24.15 -1.00 3,959,600 B PINNACLE RESOURCES T-PNN 24.55 12.05 ^ 14.75 13.60 13.60 -0.35 645,400 B POCO PETROLEUMS T-POC 16.75 10.00 ^ 16.70 15.75 16.25 -0.50 1,188,600 A REMINGTON ENERGY T-REL 35.50 14.60 ^ 19.75 18.50 18.50 -0.45 124,900 A RIO ALTO EXPLOR T-RAX 17.75 9.40 ^ 17.10 16.50 16.70 -0.20 2,723,900 A TALISMAN ENERGY T-TLM 55.25 35.00 ^ 44.35 42.50 43.65 +0.95 1,978,500 B TARRAGON OIL & GAS T- TN 17.65 8.60 ^ 10.35 9.60 9.95 +0.05 567,600 B ULSTER PETROLEUMS T-ULP 15.25 11.00 ^ 12.25 11.55 11.75 +0.00 422,800 B VERMILION RESOURCES T-VRM 9.75 4.00 ^ 9.25 8.60 8.80 -0.30 581,800 A TSE ( 52 WEEK ) ( WEEK ENDING SUMMARY ) INDEX HIGH LOW HIGH LOW CLOSE CHANGE VOLUME TORONTO 300 7835.75 5814.93 ^ 7835.75 7676.66 7703.24 - 61.51 354,133,000 O&G COMPOSITE 8094.31 5473.37 ^ 6744.84 6625.74 6625.74 - 99.65 52,160,600 INTEGRATED OIL 9729.68 6564.06 ^ 8750.03 8523.29 8523.29 -187.04 5,730,600 O&G PRODUCERS 7461.88 4778.84 ^ 5999.70 5899.57 5904.19 - 65.30 43,173,400 O&G SERVICES 4353.30 2086.81 ^ 3329.53 3212.70 3212.70 - 73.24 3,256,600 New High or New Low B-A-H = Buy - Accumulate - Hold (* Strong Buy) Best viewed by "Remove Navigation". LISTING BULLETIN / LISTING & PORTFOLIO REVISIONS April 24,1998 TOP 20 - Sold the following shares; 100 Alberta Energy @ $34.25 = $3,425.00 (eliminated position) B@$27.90 50 Poco Petroleums @ $16.30 = $ 815.00 (retained 200 shares) B@$10.90 Comments: Alberta Energy reached my short term price objective and will replace the company in my TOP 20 Listing. Share status is HOLD for longer term. All other listed transactions were for the sole purpose of profit taking. (Window Dressing As The Funds Describe It) I am retaining positions in the Poco Petroleums companies and therefore, the company will continue to be listed in my TOP 20. The reason for profit taking at this time is the softening of both natural gas and crude oil pricing. I believe the short term outlook is negative for the industry and therefore, share prices will react accordingly. If I'm in error in my judgement, I can still be satisfied with the profits. If I'm correct, I can use the generated cash to add or increase current positions at a more opportunistic time. I will not be in any rush to replace Alberta Energy.