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


To: excardog who wrote (82749)12/26/2000 6:06:17 PM
From: jim_p  Respond to of 95453
 
I would still short PENG, it was one of the very first oil stocks I bought when I started doing this back in April of 1999. It's run my an accounting type, and always has had very consistent numbers on a straight trend line. 12.9 times record cash flow, with a 3.33% decline in production in 3Q over 2Q is just to dam expensive. Their selling at a 38% premium to APC, the sector sweetheart.

Jim