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: ForYourEyesOnly who wrote (44228)	5/6/1999 9:37:00 PM
From: tdl4138	Read Replies (1) of 95453

<PANA> Anyone familiar with Panaco? Selling right at $1. and seems rather interesting. A few months ago they were looking for a buyout/merger and suddenly changed their minds. Since then the only news of interest is that Carl Ichan increased his holdings to 20% of the company.....not that he's always right....but he's not a fool, either...At $1 a share....maybe he sees something... Yahoo shows a book value of $1.78...but I have no idea if that is still an accurate number. Just my thoughts Dave

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