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: Think4Yourself who wrote (65389)	4/27/2000 9:26:00 PM
From: hdrjr	Read Replies (2) of 95453

JQP, The 29cents beat estimates however they have not reduced the LT debt yet. The 990mil still looms. The D/E is now in the 3.4 range, a good reduction due to their buyback, but until they start reducing debt as advertised they will continue to have the 18.6mil interest payment. I still love this company's position and plan. I am just hoping for improvement in the debt situation. I would hate to see them forecast debt repayment out to far based upon today's projected market. Nothing is forever or for sure. If you find another good one let me know, PXD doing well with stock price, but I don't have a good read on potential. I am looking to trade out of PXD at or about 11. Any thoughts? hdr

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