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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: Olaf Koch who started this subject2/21/2001 10:16:00 AM
From: Frank   of 95453
 
I bought more PGO at 8.25. We'll see. Made a similar move on KEG at 7.25 last summer and it paid off. I think PGO is in a better LT position than KEG was then.I'm anticipating PGO can stabilize their situation (no pun) and impact the bottom line. They are an important deepwater player and eventually that is the future. Expect to hold a while and perhaps go lower but the upside potential makes more probabilistic sense to to me than the downside risk--Frank
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