Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Think4Yourself who wrote (63669)	4/3/2000 11:10:00 AM
From: The Ox	Respond to of 95453

APC gets UPR very cheap, at about a P/S of 2. Excellent for APC shareholders. UPR gets access to APC's extensive reserve portfolio, a huge win for UPR shareholders. IMO, anyone upset with this deal from either side of the table is only looking at short term issues. Longer term, this, at first view, looks to be a match made in heaven, assuming that the corporate structures are such that merging won't overly tax the managements of these fine companies. I agree that for those looking out long term, it makes more sense to buy UPR and play it from that angle. That's what I've done this morning. Just my 2 cents. Michael

To: Think4Yourself who wrote (63669)	4/3/2000 11:40:00 AM
From: SliderOnTheBlack	Respond to of 95453

"Q" - no problem, just needlin' a bit... There is NO wrong move in taking profits or holding here. In this environement after the runs that virtually the entire sector has had here - for "those" who were on the Boom 2000 Super Train in the first place - which you obviously were; being in cheap is the key; one can sell & rotate , or hold for the rest of the cycle run - which will be substantial ! Being on that Train was ALL that mattered; right Cliffie (VBG) ? ...PXD is a mirror-image smaller version turnaround value play - to UPR. PXD is among the cheapest on a reserve valuation.