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 Jedi who wrote (7112)	1/8/1998 4:21:00 PM
From: Flan	Read Replies (4) of 95453

Wow as much as I did not want to I had to sell a little stock today - Stock I bought last july and rode to great profits and then sold at a loss - that sucks. Lets see upgrades again today - Texeco announcing it is comitted to increased drilling expenditures and oil price up - All great but are stocks got pummeled. I told my father about PDS one month ago at 26 and told him the whole story and how I could not see it getting much lower - well today down another 1 to 18 - Pie on my face - P/E now 6 - PDS just announced they will be starting a new program whereby they will be paying investors to buy their stock. I actually spoke to the company today and said maybe the company might want to make a statement about business conditions (As if they ever would but I was really just fishing for some info) - The officer said I think we just did that three weeks ago when we reported 0.75 vs 0.36 - Went on to say nothing has changed business activity still veryy strong long term contracts. They are as bummed as we are!!!! I think we will see some large institutional buying when the stock hits $10 and a p/e of 3.

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