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Gold/Mining/Energy : PRECISION DRILLING CORPORATION

PD 12.26

-0.6%

Jan 12 3:59 PM EST

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To: EL KABONG!!! who wrote (136)	10/25/1998 3:07:00 AM
From: Ming	Read Replies (1) of 163

Anyone read Barron's article last weekend/ ENI's chief is predicting that oil prices will explode due to an impendent severe shortage in crude reserves due to aging oilfieds. But that's too long-term for the moment. (by the way ENI is italy's largest integrated oil co.)In any case, global recession will compensate for that by reducing demand. Nonetheless, I feel PDS undervalued at current prices. Any comments?

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