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: thomas hayden who wrote (35699)	1/23/1999 3:20:00 PM
From: Jamey	Read Replies (1) of 95453

Thomas, you seem concerned that we are not seeing the bottoms of the stock price in the OS sector and since I was talking about Pride Petroleum, (PDE) yesterday I would recommend buying in at these levels and find a company that is as cheap or cheaper than its book value. For example, PDE has a book value of over $13.00 and it is selling for $7 1/8. IMO, (yes, I own the stock) you cannot go wrong on this valuation. Their EPS for 1998 was $1.32 and P/E of 4.78. I have been unable to find a better company in this price range in the sector. They have got FGI beat on fundamentals. Go to Quicken.com and do a comparison on PDE and FGI or any number of OS and you will see what I mean. Santiago

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