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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: Kavika who wrote (67659)6/6/2000 9:08:00 AM
From: Minos  Read Replies (2) of 95453
 
PTEN:

Here's a back o the napkin summary....others can add or clarify.

You probably know PTEN is a land driller.
Excellent management, but some heavy insider selling in March. PTEN historically tracks UTI, but there has become a wide valuation gap. PTEN was one of the first drillers to recover but has since languished and pulled back significantly, much more than the OSX. Dain downgraded PTEN for lack of capacity to drill deep. Slider believes PTEN to be in play for some sort of M&A activity that will boost shareholder value. PTEN has a high beta and is a great trader...in both directions. PTEN historically attracts the shorts. The market makers in PTEN are tough....limit orders only unless you really want in or out.

Those are the fun facts as I see them. I got long yesterday...and it appears I may have been early. Hope this helps,

-Minos
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