PIONEER NATURAL RES. (PXD) Message Board

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Gold/Mining/Energy : PIONEER NATURAL RES. (PXD)

PXD 269.62

0.0%

May 3 5:00 PM EST

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To: Noel who wrote (128)	1/30/1998 2:35:00 PM
From: GlobalMarine	Read Replies (1) of 233

Noel: I'm sorry that PXD didn't work out for you. I had sat on the sidelines because even on a generous PE ratio, the stock seemed overvalued to me. The First Call estimated 1998 EPS is now a four cent loss. Ninety days ago, that estimate was a profit of 52 cents. Looking at the stock chart, it looks like a one-way ride down still. Given the Aian meltdown as well as possible trouble from Europe fixing currencies this year, I don't think it's time jump in. I think we'll have to wait for a bottoming of energy prices first. Rand

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