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Gold/Mining/Energy : Triton Energy (OIL) - Elephant stalker -- Ignore unavailable to you. Want to Upgrade?

To: Jim Fisher who wrote (91)	7/16/1998 11:00:00 AM
From: IceShark	Respond to of 134

I have been eyeing this OIL as a long play, however, I ran across a disturbing message over on YHOO: messages.yahoo.com@m2.yahoo.com If the board meeting has been held I would think the upshot is not good news. It may not be bad, but for the IR person to respond like she did to a shareholder seems a bit strange if the IR had knowledge that a fair/good deal had been worked out with respect to a sale(s). Now markets can and often are wrong, but the steep fall sure looks like the market knows something. Any thoughts? Regards, DWW

To: Jim Fisher who wrote (91)	7/16/1998 11:02:00 AM
From: Guy E. Fleming	Read Replies (2) \| Respond to of 134

I happened to see this news report: Triton falls ahead of imminent asset sale "News of the sale of Triton Energy Ltd is expected soon, and the stock was hammered on Tuesday as bears gained the upper hand with their low valuations of the company's potential sale price. Triton's underlying stock lost 2, or six percent, to 31-5/8 by the close of trade in New York, amid a bull market for oil stocks and volatility for the August options contract. One bearish investor said that he believed Triton could be worth as little as $20-$24 per share, although the bullish case was for as much as $50-$55." That's some range of opinion about value! $20 to $55!! As I've said, I'll be happy with anything north of $45. Good luck to all of us! The total silence is deafening -- wish we'd hear SOMETHING but maybe it's just some hard-nosed negotiating going on.