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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: BigBull who wrote (62845)3/24/2000 1:28:00 PM
From: ItsAllCyclical  Read Replies (1) of 95453
 
BigBull - Sell PGO at 20 ish? It should hit 23-25 before meeting any sort of strong resistance. Since I'm overloaded I may consider 22+ to start slowly unwinding, but 20 seems way too cheap.

PGO is a great long term hold here. I don't plan on selling too much. It's really not a seismic pure play as I'm sure you know. Much more diversified. On a forward valuation basis it'll still be cheap at 24. It'll take out it's old high in 97 on this cycle pretty easily imho.
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