Pennzoil ....... back to $58 within 6 months Message Board

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Non-Tech : Pennzoil ....... back to $58 within 6 months

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To: vinod Khurana who wrote (1)	11/30/1998 9:41:00 AM
From: vinod Khurana	of 2

Whats wrong with this picture ? PZL at current prices has a market cap. of $1.9 billion. PZL owns approx. 17.1 million shares of Chevron (NYSE - CHV). With CHV trading at or near $85/share, that puts PZL holdings in this investment alone at approx. $1.55 billion. How much is their oil and gas properties worth ? How much is their Jiffy Lube business worth ? How much do you assign to the fact that their brand of oil is #1 in the U.S as far as market share is concerned ? Is this all for free because it certainly seems like it. Add this to the recent rage of consolidation going on in the energy sector and you can see we have a winner that everyone else is shunning. $58 - $60 is my target within the next six months. $44 is just around the corner. Accumulate is my suggestion for the big runup....that could start at any moment.

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