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Gold/Mining/Energy : mxp (mesa Inc)

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To: Bagladdy who wrote (236)4/7/1997 10:07:00 AM
From: K.Martin   of 394
 
PDP is a very well run company. A MXP, PDP merger would probably be very good for both companies. However I believe that the merger should not have taken place for about another 18 months. MXP was going to have 4-5 profitable quaters and due to this the perception would have changed and the stock price therefor would have increased, probably to about 10-12. At that price the exchange would have been 1 for 3 or 4, a much better deal for MXP shareholders. It seems to me that RR sold us out to soon.
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