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Gold/Mining/Energy : Strictly: Drilling and oil-field services -- Ignore unavailable to you. Want to Upgrade?

To: monu who wrote (51683)	9/23/1999 10:29:00 AM
From: articwarrior	Read Replies (1) \| Respond to of 95453

I understand why the trend downward but all the big boys have shifted downward. There was an EPS revision from .75 to .65 in August, which would explain the shift in comparison with the other companies. Though it seems clear that PGO is oversold here given capex budgets coming online oil price shifting upward and reinforced by OPEC conference. The company is solid heck book value of 14.63 per share vs. price 18 and change... TA shows time to go for it also. But then again RRC said double bottom and it is being driven further to the shorts spot of 4.5 per share. Hey I may be the biggest sucker for fundamentals but it seems PGO will rock from here. I think short-term target of 24 - 25 in the next two months is reasonable given demand increase from the world. Good Trading and thanks for clarifying PGO Artic