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

To: Salt'n'Peppa who wrote (2377)	5/6/1999 9:05:00 AM
From: Poseidonas	Read Replies (1) \| Respond to of 15703

Grayhairs and Rick: Re: WML press release <Westminster announces record results for 1998, with revenue up 130%, cash flow up 214% and earnings up 200%. This is during the worst year in ages for the O&G sector. Just imagine what 1999 will offer WML. Westminster is 100% natural gas based, which is currently riding high and is projected to be $3.00 USD/mcf by the fall. Why the hell is WML so low?> GOOD QUESTION!!! The answer is that the idiots at Canacrap screwed up! They put a sell order out to all their clients recently and sold approx. 200,000 shares. The stock dropped from $5.50 to under $4.00 because of this. WML is not diluting its stock but rather it has sold off some of its properties to generate funds required for its participation in California projects. --- unlike some of the other partners! This stock should be at $10