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 Gold/Mining/Energy : Esprit Exploration Ltd.

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To: tony schwarz who wrote (1102)3/4/2000 12:13:00 AM
From: xxxxRead Replies (1) of 2774
 
Yes, you see how its been holding at that bottom price of
1.60 Cdn (1.12 US) since December. It hits it and bounces
above it. I like those 2 longs also. I think that we will
just have to continue to be patient.

I only have a 5% portfolio balance in EEE now (have been
doing very well in non-O&G related stocks) and have averaged
down to 2.46$Cdn cost, so I can afford to wait it out. Even
if it does not pan out, which I don't believe will happen, I
won't get hurt very much. Unfortunately other investors may
not be quite so fortunate. It isn't only EEE, a lot of the
oilfield related stocks are suffering - in spite of the
favorable prices on oil & gas. Investors just seem to have
shied away from the industry.
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