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Gold/Mining/Energy : American Eco (ECGOF, ECX on Toronto exchange) -- Ignore unavailable to you. Want to Upgrade?

To: Eric O. who wrote (2537)	6/10/1998 10:38:00 PM
From: Hawkmoon	Respond to of 2841

Actually, I would be interested in more information on the MART deal. I know they were working with a waste oil facility in NJ, which just happened to have been looking at GRNO's waste oil to diesel recycling technology to operate their contaminated soil remediation plant. Just curious on how and why that ended. From what I understood it has serious profitability potential. Regards, Ron

To: Eric O. who wrote (2537)	6/11/1998 11:58:00 PM
From: david james	Respond to of 2841

Eric, Yeah, it will take a while longer to get the momentum working in our favor. But from what I hear, we have some new funds picking up pieces here and there, and since there are still some groups willing to sell in the 7s, we are going to be stuck in this trading range until they run out of shares. Oil prices are also hurting just about all the oil stocks too - even those like Eco who's contracts have little that is related to the price of oil (all of Sable for example is gas related - which is doing fine last I checked). Part of the weakness is certainly do to the fact that about a month ago, the company guided analysts towards that 15 to 18 cents range for the quarter. If we are going to get coverage (hopefully by Jefferies), I suspect that it will be after earnings, so that everyone can point to how much better things will be third and fourth quarter with the big pipe contract and the submersible contracts kicking in. They are still comfortable with estimates in the 70 to 80 cents range from what I hear. So that would put us in the 50 cent range for the final two quarters - which would actually be an increase over 1997 despite considerably higher taxes this year. I would expect any firm starting coverage to give us a target figure over 12 - and maybe closer to 15. Yes, as I remember, the lawsuit gain did contribute a few cents to earnings in 2nd quarter, 1997 - 5 cents or something. So I guess that without that and fully taxed, 2nd quarter last year would have been around 18 cents or so Haven't heard anything new about the EIFH loans. EIFH stock down near its lows. MART,as I remember was going to get paid out over a couple years or so - so it should add cash flow. David