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Gold/Mining/Energy : Big Dog's Boom Boom Room

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To: diana g who wrote (6412)	2/1/2002 7:10:15 PM
From: Frank	Read Replies (1) of 206093

Diana--I'm more sanguine about PGO than you. They certainly have a spotty past but have made some management changes in the past year (although their CEO is questionable). They seem to be righting the ship. Have had a string of stabilizing announcements including the VTS linkage, Atlantis sale, floating production systems decision in GOM and a set of deals with other companies. . I haven't heard many people criticize their technical expertise-- just their judgement in Company direction 1998-2000. I feel they have been overly punished for mistakes and are worth far more than 7 bucks. If they turn, they'll turn fast. I want to be sitting on my bloc of shares if that turn comes. If it doesn't, downside risk is limited due to cash flow. But I believe we will see something akin to buying panic in seismics within a year or so--good luck --Frank

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