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Gold/Mining/Energy : Big Dog's Boom Boom Room

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To: Big Dog who started this subject	4/30/2002 4:16:21 PM
From: Terry D	of 206181

Pride International (PDE $18.48) - Buy Robin Shoemaker - Oil Service & Equipment * Pride reported breakeven results for 1Q02 earnings, exactly in line with our expectation. * Dayrates in the Gulf of Mexico appear to have bottomed during the first quarter. * We are maintaining our 2002 EPS estimate at $0.30 but raising our 2003 EPS estimate to $0.75. * Latin American drilling activity has stabilized and should continue to hold at current levels. * We continue to rate Pride shares a Buy, we raise our 12-month price target from $20 to $25.

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