Strictly: Drilling and oil-field services Message Board

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Gold/Mining/Energy : Strictly: Drilling and oil-field services

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To: Nathan who wrote (55077)	11/19/1999 4:20:00 PM
From: SliderOnTheBlack	Read Replies (2) of 95453

nathan; PXD leverage in NAV In an institutional report; PXD is amongst the most leveraged co's to the upward move in crude oil. Each $1 + move in crude prices translates into a $2.58 upward move in NAV for PXD; which is a 21.5% move. - a huge move. NEV is $6.72 for ea $1 - but, terribly hedged here fwiw PLX is $6.55 for ea $1 as well... I don't follow this much fwiw. I like OEI - balanced to Oil & gas; but should not sell off on nat gas weakness like it has; PXD is my longterm 2nd choice; OEI is a popper shortly imho. Remember GLBL ?

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