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

To: BigBull who wrote (62233)	3/15/2000 9:30:00 PM
From: Ed Ajootian	Read Replies (1) \| Respond to of 95453

Panaco (PANA) still hanging down at mind-bogglingly low levels ($.80),with just a week to go before 4Q numbers are released and also likely test results of a big well being drilled with St. Mary. About 2/3 reserves offshore, "acquire & exploit" strategy, no hedges in place. If any fans, check out the PANA thread. Still time to do DD before the fireworks start. If anyone knows of any other companies selling at under 1 x cash flow, 1/3 of adjusted breakup value, and almost 2 x budgeted '00 drilling expenses, with a clear near-term catalyst for the stock price, please advise.