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

To: SliderOnTheBlack who wrote (55067)	11/19/1999 2:46:00 PM
From: Broken_Clock	Respond to of 95453

Slider, I'm still in PXD although i undid OEI a week ago to load up on GLBL. Now out of GLBL with a near 4 bagger option trade in a week. I am trying to be patient but i hear the OEI drums pounding from a distant shore...-g-

To: SliderOnTheBlack who wrote (55067)	11/19/1999 2:53:00 PM
From: SliderOnTheBlack	Read Replies (2) \| Respond to of 95453

OEI's Chmn exercised 48,000 options @$8.44 just prior to- ... the announcement of the discoveries. That was a "taxable" event by the way - and he has exercised 2/3rds of his options here I believe. biz.yahoo.com Mgmt's pay is tied to shareprice performance; biz.yahoo.com This is an "anomaly" here; rapidly improving balance sheet; production right at the crux of a turnaround - biz.yahoo.com ...with the reduction due to property divestitures; rising crude prices, recent discoveries and an increased upside to the drillbit planned in 2000... No hype job here; we know the story here on this one... Someone just put $28 Million + where their mouth was @ $9 days ago, for a major 5/16ths uptick; they were not wrong. biz.yahoo.com Simply a gift. This company and crude prices have improved dramatically; since this was in the $11's... amazing @ $8. The company is in a much, much better position than last year when they were at $15. The Street sentiment will return and fully value the much improved balance sheet, production profile, exploration upside and crude price impact. A big league "runner" when they do...

To: SliderOnTheBlack who wrote (55067)	11/19/1999 4:12:00 PM
From: Nathan	Read Replies (1) \| Respond to of 95453

Slider, please explain comment on PXD regarding "very leveraged for ea $1 increase in commodity prices to NAV. - this is "THE" sleeper imho..." I have been a holder but am frustrated with it's lack of movement even as oil, osx, etc. keep going up. What's it going to take? I don't understand how the stock can be so much lower than this time last year. Keep in mind that I am not very knowledgeable in this field but am trying to learn. TIA Nathan