Pride Petroleum Services (PDE) Message Board

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Gold/Mining/Energy : Pride Petroleum Services (PDE)

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To: DEER HUNTER who wrote (374)	2/26/1999 1:22:00 AM
From: Bill Zeman	Read Replies (1) of 454

Why would anyone want to sell now??? How about bankruptcy fears? How much will your common shares of PDE be worth if they file? Can we say "penny stock"? Does anybody know what happened to oil stocks in the early 80's? There was a similiar bear market then and 100's of oil stocks went belly up or were bought out. You wanna see blood in the streets? You ain't seen nothing yet. I, however, am still long in PDE. Average price of 11 1/2. What am I still doing in this stock? Maybe I'll average down in the 3's. That's about 20% of book value. That's about what all the equipment goes for in a bankruptcy fire sale. Can there be much down side from there? Bill Zeman

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