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: RGinPG who wrote (10452)	2/3/1998 6:23:00 PM
From: Thean	Read Replies (1) of 95453

Ron, <what is wrong with PTEN?> You must not have read my post this weekend. Read this again: Message 3311666 Everything is in there. PTEN and UTI are in the exact same boat. It is OK to sell them but remember to buy something in the offshore area. I don't know how low they will go but 20% is very conceivable. I'd like to see how they perform in the next rally. If they perform below their peer group, this is definite dead money. They are the classic cheap but can get cheaper dogs. Their fundies have changed and it is only hope that this is purely spring seasonality issue. No one knows for sure and why take a chance on them while the offshore drillers have better earning transparency? The right time to sell them was Monday morning. They are breaking new low and can ride the lower BB lower. I say sell them, buy others, and move on.

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