PIONEER NATURAL RES. (PXD) Message Board

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Gold/Mining/Energy : PIONEER NATURAL RES. (PXD)

PXD 269.62

0.0%

May 3 4:00 PM EDT

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To: GlobalMarine who wrote (177)	3/21/1999 11:38:00 PM
From: Noel	Read Replies (1) of 233

I don't know what Rainwater is doing, but his predictions of an energy crisis were met head on by the faltering Asian economy and the fallout in Russia and Venezuela. As to higher energy prices, even though crude oil futures are up about $4 per barrel in recent weeks, prices are by no means where they were 24 months ago. For this to be a recovery, the industry needs to see crude top $20 a barrel again. I don't know if that is a sure thing yet. But as the recent restructuring of PXD asset sales shows, they have some severe liquidity problems... NOEL

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