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: Big Dog who wrote (5227)	12/15/1997 3:52:00 PM
From: Flan	Read Replies (1) of 95453

Yes PDS reports $0.70 fully dil vs .34 - Wow!!! and the street says well that is not good enough the stock is down 1/2 to 23 1/2 - Oil service stocks are the red headed step children of this market. If PDS does close to 3.00 CN next year the stock is trading at a 10 p/e and people are still selling. Man I must be missing something because you really have to think these companies are going out of business to be selling the stocks at these prices. Mike in talking with your industry buddies is there even a slight inclination of a possible slowdown. Institutional tax loss selling should be over by now so I am curious where all these sellers are coming from.

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