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


To: david james who wrote (2566)6/26/1998 2:23:00 PM
From: Nero  Respond to of 2841
 
On another ECGOF investment front, DBCO took a dive to 1/2 today -- trading at 3/4 now. Maybe McGinnis can pick up the pieces for pocket change.



To: david james who wrote (2566)6/26/1998 2:43:00 PM
From: Nero  Read Replies (1) | Respond to of 2841
 
Oil service sector is just getting clobbered this week. ECGOF is more diversified than most and these latest hits are perhaps particularly unwarranted. Jefferies & Co. just downgraded a slew of oil service companies, but qualified their outlook with:

. . . land and shallow-water markets have the biggest near-term risks, while there will be few changes in demand from deepwater projects.

Which would insulate ECGOF's interest in the Sable Offshore Project.

Here's the Jefferies link:

biz.yahoo.com