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: The Ox who wrote (67534)	6/2/2000 4:16:00 PM
From: SliderOnTheBlack	Read Replies (1) of 95453

Happel - old news, deal cut in Feb - Dain downgrade May 15th. PTEN getting pressured imho by both analysts & investment bankers to merge - to lay back & enjoy it - ala the Bobby Knight theory - or, perhaps they will get downgrades, short raided & see their stock punished if they dont. What just happened ? Dain 2 weeks ago, downgraded - this Feb deal wasn't enough. Maybe they could buy TBDI vs getting eaten by NBR ? - I dont know TBDI's SCR leverage, GW has too much debt - the pressure appears to be on PTEN to get in bed with NBR imho and they are getting it from analysts, from bankers & from shorts - say bye bye to PTEN; its getting taken out imho. Shorts are backing Dains downgrade which is backing the pressure from Investment Bankers imvho... Regardless - triple bottom, good technical buy point; fundamentals with the nat Gas shortage couldnt be better for the next 2 qtrs, shorts are way over exposed here - 50% to merely its prior highs. ...free money on the table. I don't care which way it shakes out - with NBR, without NBR - its $30+ within weeks regardless... only a total market meltdown stops that...

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