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Gold/Mining/Energy : KOB.TO - East Lost Hills & GSJB joint venture -- Ignore unavailable to you. Want to Upgrade?


To: Check who wrote (1520)2/11/1999 12:20:00 AM
From: grayhairs  Read Replies (2) | Respond to of 15703
 
Yo Check,

Alright fellow. Fess up, hey!! What's going on ?? Level with us. Spill the beans, as it were. I just happened to check out a short list of oil stocks that I've been following for the last little while and I see some unusual results as shown below:

STOCK___CLOSE_____CHG_____VOLUME
BKP..............$9.75.........+$0.50...........352,131
WML............$6.50.........+$0.60..............86,880
ELK..............$3.85.........+$0.40............102,848
RLP..............$2.20.........+$0.10...............64,000
SOG.............$1.58.........+$0.23..........1,625,900
HTP..............$3.00.........+$0.40.............470,500
KOB.............$1.75.........+$0.35..........1,050,200
PYRX...........$3.125.......+$0.375.............99,900

Something is up, buddy!! All of the above traded well above their normal daily volumes. And, all closed up on nice moves for the day.

My first assumption was that West Texas Intermediate must have had a nice uptick on the day. But, I checked oil prices and saw that the March contract was only up $0.09/bbl so that surely can't be the reason.

Do you think these moves may be in anticipation of some positive measures coming out of the March OPEC meeting ?? or, perhaps the upcoming vote in the U.S. Senate ??

I know that these companies are all jointly involved in a big 80 day blow job in California (as opposed to more costly ones in Washington, D.C.) so I did check for current Press Releases on those operations. Nothing !! So, surely there can't be anything new or important happening there. I'm sure the companies involved would fulfill their obligations to us shareholders and report any material event\change.

I'm really perplexed by all this, Check. What's the answer my friend ???
:-) :-) :-) :-)

Later,
grayhairs