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To: SliderOnTheBlack who wrote (54024)	11/4/1999 4:29:00 PM
From: ItsAllCyclical	Respond to of 95453

>> PS - Andre Agassi is now #1 ranked again - per CNBC; I am a Baseball/Football man - but, allways liked Tennis - Yesssss, McEnroe was my fav'(VBG) << McEnroe? Come on, really? Never would have guessed. If we do have that "RIG" party you'll have to give me a match at tennis. If I can't beat you in the investment arena I at least want a shot on the court. I play about 2-3 times a week so start practicing...

To: SliderOnTheBlack who wrote (54024)	11/4/1999 5:40:00 PM
From: ChanceIs	Respond to of 95453

Slider - PXD and Apples and Oranges.... I have been following PXD since before the Mesa merger. I almost bought in the summer of '97 after the merger, but I got antsy. I watched them leverage themselves out the ying yang over the Canadian Chauvco deal as prices entered that infamous decline. As I recall they have had quite a few garage sales as a result. Your comment "a pure value play; was what ? - $24 last fall" I think fails to discount the excess baggage shed to please the banks. I bought at $10, after it had retraced from $13. Do you know what fraction of assets were shed? All other things being equal, I would not expect it to return to the $44 it enjoyed in the happy hunting time of September '97. Maybe $30. But that is still 3X above my entry. Nothing wrong with that.