Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Canadian Oil & Gas Companies -- Ignore unavailable to you. Want to Upgrade?

To: kingfisher who wrote (5762)	12/21/1998 3:22:00 PM
From: SofaSpud	Respond to of 24899

Richard / Picks Here's my 2 cents worth (which is about the remaining value of my investments). Companies which have nice upside on higher oil prices, and which stand a reasonable chance of still being around when it happens, include Upton and Vermilion. If you want less risk, go for PetroCanada. If you want more risk, take a look at Carmanah -- could easily be a 10-bagger from these levels, if it survives. JM(very)HO

To: kingfisher who wrote (5762)	12/21/1998 11:36:00 PM
From: dumbo	Respond to of 24899

You asked for a bottom fish candidate. You can't get more cod-like than Justinian Exploration (Jel) on the Alberta exchange. At $10 oil this company hasn't got much going for it- hence the price of $.06 per share. However, the tax losses alone inside the company are probably worth .03 to.05 per share to someone else. So, if oil stays at $10 per barrel the downside is a cent or two and someone is likely to take them over. The upside comes from a producing oil property in Argentina that they own that needs some modern completion techniques applied to it. This could be a $.5 stock with a stronger oil price over the next 12 months.