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marcos

12/07/02 2:25 AM

#673 RE: Frank Pembleton #669

That's quite a post .... all three rules apply in every sector of course, but the cycles of rule 2 seem to come quicker in the oilpatch ... this is news to me - 'We’ve seen the last of the M&A activity' ... last time i was following along fairly well was '98-'99 or so, there was almost no m&a for a while, all the juniors sliding, those with heavy debt going to nothing just about, then the takeover interest started .... so yes, it happens at the bottom because assets are cheap, and at the top because the acquiror has overpriced paper to trade for its prey

So you don't believe in the big imminent gas shortage? ... interesting .... i used to lurk Strictly Drilling, the first one, before all the squabbling started, it was a great thread, but as for direction of commodity price you could always see perfectly reasoned arguments for both bull and bear scenarios .... obviously it is not easy to call

Founders fde.to was one i followed a lot, had a contact to it .... also Zargon zar.to, which just sat there at 4.00 for the longest time, never went anywhere ..... btw, the Edge Energy you're talking about is listed in the US, not the same as i mentioned, the successor to aog.al was edg.to .... i just looked up what happened to it, it merged with Ventus in the summer of '00 .... there is so much to learn in this sector, i remember going near crosseyed staring at sedar docs trying to get a sense of comparative performance .... one handy thing, was a Midland Walwyn weekly overview of about twenty stocks, it gave all their boe/d and gas/oil ratio etc, put out by a Robert Feich [sp?], i called him several times, he always turned out right in the end, sometimes called things quite early though