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

To: monu who wrote (65055)	4/20/2000 11:08:00 AM
From: jim_p	Read Replies (2) \| Respond to of 95453

BUY MORE It's a great buy under $16.00. Jim

To: monu who wrote (65055)	4/20/2000 12:19:00 PM
From: SliderOnTheBlack	Respond to of 95453

monu re: PGO - be patient, you WILL be richly rewarded. PGO is 2 qtrs away from ramping; but - will more than likely participate on a run to $20ish on the next leg of the OSX turn here shortly. PGO is perhaps one of, if not the best risk vs. reward plays in the service/driller sector. Analysts continually comment that they are one of the companies that has the greatest earnings acceleration ability in the patch - VTS as well. PGO has a bit of unappreciated value in two area's - they have not received any value for their large ownership interest in E&P IPO - SPNX and they have substantial upside to FPSO approval in the GOM - as they allready have smaller design FPSO's on the board, specifically for GOM approval - when, if seen. PGO is just fine; it is also very bottom supported here - it & OII are 2 very, very safe plays here. Be patient - PGO does NOT play the analyst communication game very well - they've disappointed in meeting analyst numbers the last few qtrs, but nothing nightmarish. One word on this stock - patience. Keep buying in the $14's/$15's what you can and sit back and I would not sell sub $24 by year end, or $30-$35ish next year (unless we get a quick 35%+ trading spike to take profits on) - it's a great longterm hold here. They are the dominant player in their niche and are constantly mentioned as being a take out target by SLB - so the chance of a buyout premium allways exists as a bit of icing here as well. It's one of 3 core service/driller stocks atop my personal buy list here fwiw...