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

To: Kerm Yerman who wrote (6475)	5/29/1999 6:55:00 PM
From: Doug	Respond to of 24905

Kerm/ Oil Price. Thanks.

To: Kerm Yerman who wrote (6475)	5/30/1999 5:40:00 PM
From: Len Hynes	Read Replies (1) \| Respond to of 24905

Kerm,what do you make of the widespread rumor and belief that Pan Canadian undershot their primary target at Shoal Point.Is this what was happening several weeks ago when it was reported that they were having problems with the well?Would this explain why seismic trucks were brought in around the same time..."they were lost..." as Dilution reported in his May 27 posting...and needed to do some downhole seismics to find out where exactly they were in relation to the primary target..? Dilution reports that he got his information from Pan Canadian...May 27 posting... Why would Pan Can release this info so soon when they are most likely not required to do so for quite some time...like 2 years.With the amount of seismics Pan Can completed,it is hard to reckon how they could miss the target...if this is correct, I would think that someone is going to pay for this boo-boo. I guess we are going to have to see what Vulcan will do once they begin drilling in the next several weeks...I would think that their drill permit is close to approval by now. One thing is certain:Vulcan will be drilling into a petroleum bearing target..the question is how deep is this zone,and does it contain commercial quantities of hydrocarbons...only time will tell...and that time is fast arriving..should be interesting to say the least.

To: Kerm Yerman who wrote (6475)	11/19/1999 3:03:00 AM
From: Richard Saunders	Read Replies (1) \| Respond to of 24905

Kerm/ Today's date is day number 323 for 1999. If you get a chance in the next while would be interested in your forward-look views re: general sector, etc. As your daily letter (199 useful editions to date.....) and your online column http://www.canoe.ca/MoneyOil/mw_oilnews.html) document, there currently is significant uncertainty and differing views regarding oil and gas. Some are indicating $30+ WTI while others are indicating $20 WTI in Q1'2000. Gas is another question mark too given where pricing was not too long ago. Cold weather is still stalled in the north. Reserves are more-or-less where they were last year at this time however normally gas should be coming out of storage around now. So far that really hasn't been happening..... Uncertainty too re: calendar yr. roll-over seems to be creating some overall skittishness which would also seem to be translating into cash under some institutional mattresses, etc. Some uncertainties too re: previous numbers and asset valuations are casting more dark shadows. Personal tho'ts are that it has been an "interesting" education at how oil pricing has turned around since day 43 of this year (Feb. 12) and now is around us$26 WTI. Cdn. dollar is also in $0.68us range which is additional gravy to many producers. O&G Producer Index isn't seeming to translate into optimism......... Any tho'ts and any possible plans for tossing up a Christmas Basket List of some situations to do further checking? Would be interested in knowing current views whenever you get a chance.