Pride Petroleum Services (PDE) Message Board

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

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To: patim who wrote (389)	3/2/1999 3:52:00 PM
From: kgreen	Read Replies (2) of 454

Three things will happen with PDE. One, it will rebound slowly as the sector comes back into favor. Two, it will be bought by another company. Current speculation is that Global will buy PDE. Consolidation may be the key here as the oil companies fight to stay above water. Third, PDE tosses in the towel. I do not think this will happen, but if it did, PDE's parts are actually worth far more than its whole. You could sell the equipment for a dime on the dollar and still make up the stock price. I am not worrying. I've averaged down my position and parked my stock, waiting for option one or two to happen. Kath

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