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Gold/Mining/Energy : ARAKIS: HIGH RISK OIL PLAY (AKSEF) -- Ignore unavailable to you. Want to Upgrade?


To: Wesley0428 who wrote (9078)8/31/1998 10:46:00 PM
From: SnowShredder  Read Replies (1) | Respond to of 9164
 
I think Talisman is very commited to the deal, but don't for get about the currency exchange rate from Canadian $ to US $. I think this will affect the return you will get from your AKSEF. Does any one know the current exchange rate for Canadian $ to US $?

Best of Luck,

Where'd He Go?



To: Wesley0428 who wrote (9078)9/1/1998 5:18:00 AM
From: Edward M. Zettlemoyer  Read Replies (2) | Respond to of 9164
 
Hello Wesley, I am in agreement with your opinion, nothing naive about a 21M advancement. That six foot high "IF" doesn't look as fuzzy as it did a couple of weeks ago. Looks like the deal will go through. As far as the decline in TLM, I am wandering, is it really a sell-off because of the added risk or could some shrewd TLM shareholders be selling for a tax write-off while at the same time increasing their position by accumulating AKSEF? I suspect prices of both may converge lower but sooner or later I think we can expect some explosive volume on a reversal.

PS. For you investors wandering about the currency exchange Talisman is listed on the NYSE, ticker symbol TLM (American currency) and also on the Toronto Exchange, ticker symbol TLM.TO (Canadian currency).

PSS. If there is anybody who doubts the price of future oil by selling their quality wool blankets at a yard sale this fall, please advertise here, I just might drop by. Ed