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Gold/Mining/Energy : Tracer Petroleum (TCXXF) -- Ignore unavailable to you. Want to Upgrade?

To: virginijus poshkus who wrote (916)	1/18/1999 6:39:00 PM
From: Hunter Trout	Read Replies (2) \| Respond to of 1261

OK, I'm awake now and stand corrected re the Talisman listing issue. Still, it seems that other companies associated with some of the new Tracer management have served investors very poorly. True, AKSEF reached the mid-twenties, but it also should be noted that trading was halted at its peak because it arrived there purely on speculative hype. A lot of investors lost their shirts on that one. Then there's Odyssey, which I believe had been as high as 8+, now worth less than a dime. My memory is not clear on this one, but did OILYF also undergo a reverse-split(1-for-3 somehow comes to mind)? If so, then we're talking MUCH less than a dime. The other common thread among these companies seems to be that they're all purportedly sitting on oil fields which have somehow eluded the big players (Arakis in Sudan, Odyssey in former Soviet republics and of course Tracer in Indonesia). Have any of them ever produced as much as a drop? So sure, there may still be trading money to be made here, but does anyone still seriously believe in long-term returns based on oil strikes? HT