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Gold/Mining/Energy : PONDER(PNDR nasdaq)

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To: Mr. Happy who wrote (25)	4/1/1998 1:50:00 PM
From: Funda	Read Replies (1) of 38

Ponder acquired another company Ponder acquires COT Oil Tool. See story at: biz.yahoo.com Ponder's plan is to grow by acquisitions. The 2 new directors Ziegler and Webster are well known for this. They have done it with Falcon Drilling (FLC), Grey Wolf etc. and are looking to do the same with Ponder also. Unfortunately the falling oil price has been a damper, but that should improve a little bit since last week's slightly disappointing OPEC meeting.

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