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

To: jim_p who wrote (63436)	3/30/2000 11:32:00 AM
From: Think4Yourself	Read Replies (2) \| Respond to of 95453

What a coinky-dink. I also just bought BR at 38 3/8. Sold my PXD to do it. 65 BCF just can't compete with 1,932 BCF, especially when BR gets higher prices for it. BR will also be an institutional fav, and thus won't pull back easily, but PXD should do very well also. My analysis is simple/primitive. Triple PXD's production to normalize for stock issued/float to about 200 BCF. Then quadruple to normalize for stock price to 800 BCF. No comparison: 800 BCF vs 1,932 BCF. Would still like to get back some APA, but I don't have any more stocks I would care to trim. Ride the big strong stocks if you want to go farther with milder retraces. Big money is in the process of arriving, and it will go to the biggest and best.