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Politics : Ask Michael Burke

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To: Giuseppe Scalamogna who wrote (35185)	11/3/1998 11:13:00 PM
From: Knighty Tin	Read Replies (1) of 132070

GS, I like PGO, and at the middle of their range, I think they have some value. I like anything related to exploration, but don't kid yourself that pricing cannot be a problem. Their efficiency has staved off the problem so far, and I would bet on that to continue, but when their customers do poorly, they could come up short on business. I still like them. I'm just saying I don't think they are bulletproof. I know nussink about the submersible pipe business, so I'll pass on giving an opinion. MB

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