OCR Text |
Show National Enterprise , April Page Three 7, 1976 Denver Challenges Salt Lake For OTC Capital Come to where the action is! Come to Denver! Stock prices, trading volume, and optimism are all on the upswing in the Mile High City and before long, say Seventeeth Street brokers, Denver will oust Salt Lake as the OTC capital of the world. Big Board enthusiasm has spread to the market, though w'ith somewhat less exuberance. Nevertheless, Denver brokers are encouraged with first quarter performance and say indicators point to recovery. While the Dow flirted cautiously with 1000, Keba Oil, a Denver favorite, kicked off traditional spring rites, gaining more than $.50 in its bid price on heavy New York buying. Like the vernal equinox itself, the oil cycle arrived late this year-b- ut that only means its yet to reach full bloom, something Denver brokers are looking forward to. Interest is d picking up and buying is now evidenced in other oil stocks. More thrilling perhaps, Denver is alive with anticipation of a healthy new issue market. over-the-count- er wide-sprea- Street Gossip The buzz on the street focuses on a new issue of Alta Investments called Universal Uranium. Trading should it commence this week-- if fascinathasnt already. The ing aspect of Universal Uranium is that the entire issue was sold out within Colorado. Whether its a box job or whether Colorado is healthy enough to support a new' issue market remains to be seen. Several brokers say, Its no hype. Its for real." Dissolution is good and the fact that insiders hold only 20 of the stock is, at least, a good sign. What make it attractive though, they explain, is the man around whom the company is built. William n Denver Ambrose, businessman. Long active in securities and Denver enterprise, theyre assured of Mr. Ambroses excellence in financial affairs and look to James H. Petersen for geologic expertise. Petersen was formerly Chairman and Director of Rainbow Resources. Universal holds uranium well-know- leases in southern Utah. Ambroses support from Canada, reacting wildly to a tremendous uranium play, will help him gain listings on both the Alberta and Calgary now' he Exchanges-somethi- ng wants very badly. Brokers advise keeping close watch on the stock. It will be a fun one. Prices will be extremely volatile, they say. Oils Gain Favor ...Back to the oils. ..One cant set foot inside a Denver house, this writer found, without hearing commotion about Bronco Oil, Drillex, Crest Resources, Big Pinev, and Bengal Oil. The din was further amplified last Friday by a street rumor of a buy-oat $12.00 on Manning Gas and Oil. The stock reacted favorto ably, swinging from ut 7-- 9-3- 4. 34 Company treasurer Gladys Haig insists there is no truth to the rumor but she wasn't complaining about the price of the stock, either. The oils have gained favor-- as they do every year at this time--o- n technical moves. have been somewhat higher this year but then companies can always expect to show better results from winter drilling on safer prospects than in summer when they undertake more expensive wildcatting. Special situation play surrounding publicity of the Amoco discover' in the Over-thruBelt in northern Utah, has created quite a stir in Crest Resources, Reserve Oil warrants, and Big Piney. Bronco Oil and Drillex gained favor since they jointly commenced a 34 development project in Kansas last month. Denver is an oil town, the brokers say and investors are keenly aware of both the (sleeping) energy crisis and potential of local oils. That new issues will tap capital markets currently supporting the oils is to be expected. Weak companies are sure to get weaker writh new issues around. Well discovery ratios st w-e- ll Vying for Second Place Next in line for investor favor are the alternate energy companies. American Wind Turbine, Solaron, and Solar Energy Research Corporation have all enjoyed active markets. In anticipation that American Wind will wind up a contract with Aero Motor granting them distribution rights throughout the United States, moved the stock on Friday from .29 bid, .32 asked, to .37 bid, .42 asked. Technical moves of the alternate energies are finished however. Theyll need fundamental evidence to support further interest. Though not in the alternate energy class, Hemotec, a medical stock, continues to enjoy a faithful following mainly because it can point to positive cash flow. Optimism Abounds Activity on Seventeenth Street this year is electric. Brokers are smiling; investors are too. Yes, Virginia, there is an OTC market alive and doing well-- in Denver. Ah. ..Springtime in the Rockies! Major Petroleum Completes Merger SALT CITY C.C. LAKE -- Anderson, Chairman, Major Petroleum DISTRIBUTION CENTERS NEEDED FOR Swimming Pool Heating Systems Home Heating Systems Water Purification Systems Company, announces the merger of Major, a Nevada Corporation into Deeks, Inc., a Utah company. The surviving company will be the Utah corporation which will change its name to Major Petroleum. Deeks has manufactured decoy ducks since 1941 . Major Petroleum Company, holds all patent rights from ARPS Corp., Dallas, Texas and Con- formed in 1973, templates the manufacture of the ARPS Telemetry System, the principle feature of the system is the ability to log oil and gas wells continuously, while drilling operations proceed. Advantages of the system are time and cost saving and the ability to have bottom-hol- e formation information, immediately, including presence of oil and gas. A prototype system was used in the drilling of thirty oil and gas wells. With over 1600 stock quotations, news articles, earnings reports, corporate profiles, OTC securities market market columns and feature stories, the National Enterprise covers the from coast to coast. m behind closed doors of We make it our business to know what's going on in the industry-froand regulations. We'll keep you posted on the corporate board rooms to changing securities laws latest developments and abreast of current trends. deserve. The National Enterprise gives your investments the kind of coverage they Please send me a one-yea- is subscription to the National Enterprise. Enclosed $18.00. r NAME ADDRESS. I CITY - STATE ZIP Mail to: THE NATIONAL ENTERPRISE P.O. BOX 11778 SALT LAKE CITY, UTAH 84147 Anderson reports that the manufacturing contract has been netgotiated with J.L. Arps and Associates of Dallas Texas and that Byron Haynes of Houston, Texas has been named as sales manager. Principal operating personnel of Major are: Dr. Willard D. Pye, President, of Tucson, Arizona, C.C. Anderson, Chief Executive Officer of Las Vegas, Nevada and Angie Anapol, Chief Operating Officer of Beverly Hills, |