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

To: Elmer who wrote (6517)	6/6/1999 9:59:00 AM
From: Bearcatbob	Read Replies (1) \| Respond to of 24940

Elmer, One of the major positive factors for Canadian Gas producers is the new pipeline availability. For years Alberta gas has traded at a discount because it could not be gotten to market. Now, couple the new pipeline capacity with the down dip in drilling and there is a strong demand for Canadian gas and the price differential is being eliminated. Go to Westminsters website and read the annual report. It has a good write up on this some of my holdings are Berkley, Canadian 88 and Westminster. I also have a long standing participation in Bearcat exploration who, hopefully, will be binging on substantial Turner Valley. Bob

To: Elmer who wrote (6517)	6/6/1999 10:39:00 AM
From: WWS	Read Replies (3) \| Respond to of 24940

Don't forget that the folks who supply bore casings and pipes to the drillers also stand to profit from the recent upturn of e&p field activities off of historic lows. Here is a chart showing the performance of four of the supply leaders (who can add some Canadian names to the list?) over the last 100 days. Note that all four have been in modest to moderate uptrends since March. The four shown here are Lone Star (LSS), NS Group (NSS), Maverick Tube (MAVK) and Varco (VRC). exchange2000.com

To: Elmer who wrote (6517)	6/7/1999 12:01:00 PM
From: SofaSpud	Read Replies (2) \| Respond to of 24940

Elmer / Gas producers This is a very good question, without an obvious good answer. Among the reasonably well-established gas producers, I haven't been able to find what looks like a genuine bargain. Those that are cheap seem to be cheap for a good reason -- debt troubles, or indigestion from an acquisition, as examples. Those without skeletons in the closet (or whose bodies are carefully buried) didn't sell off to the extent of say, oil producers, and rebounded to the point now where they are hard to describe as cheap. Genesis is one; Rio Alto another; and Merit a third. These are companies with proven track records and worth looking into, but they're well followed. I mentioned indigestion from acquisitions and debt. Newport Pete. is one of these. Reserves are 57% gas, production is around 25,000 boe/d. The last couple of years it's really been a frog, but I suspect that there may be a prince under the warts. Just a suggestion. Why E&P instead of staying with Service and Supply? I guess just a question of volatility. When the sector turns sideways, the producers can still produce, but the S&S guys see their orders disappear completely. I was very close to buying Prudential Steel a couple of years ago, around $40. It very quickly went to $90, and almost as fast went back to $15 (pre-split - shares split 3:1 in November '97). If you can time things correctly, there can be a larger payoff in S&S. E&P maybe isn't quite as big a challenge.