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

To: Nathan who wrote (57134)	12/17/1999 6:07:00 PM
From: ItsAllCyclical	Read Replies (1) \| Respond to of 95453

Nathan, Gary is probably right. 15 is probably on the high side with a deal being done for as little as 12. I don't see anything being done for less than 12. I think $13-14 would probably be the price if it were done on monday. I have not been in this sector long enough to know what PXD should get in an "ideal" world. I'd look for 25-35% above prevailing prices. But again I don't expect any merger. Today's buying was probably just another fund establishing a position. With PXD's typical daily volume it doesn't take much to move it. The same also applies to NBL but to a lesser extent.