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 : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: Second_Titan who wrote (2324)	6/24/2001 12:36:59 PM
From: excardog	Read Replies (1) \| Respond to of 206184

Q re:GW Found a quote from a GW guy that said there was a rumor last week of someone dropping 20 to 25 rigs back on the market. This rumor proved unfounded. Said his phone was ringing off the hook for the rigs. Went back to drag link the quote but couldn't find it. Kind of interesting though. Best

To: Second_Titan who wrote (2324)	6/24/2001 2:07:51 PM
From: kollmhn	Read Replies (1) \| Respond to of 206184

Q re PGO. Check their Yahoo board posts #5532,3,4. Seems that one of the European houses put out sell recommendation because they are NOT getting their share of the seismic market and they sceptical of the Ramform Banff. I am waiting for another gap to get filled at $9.25.

To: Second_Titan who wrote (2324)	6/25/2001 12:43:38 PM
From: Meridian	Respond to of 206184

Debt Concerns: Remember PGO has a ton of operating leases, which are basically the same as debt ... but they are off-balance sheet. This company is far more levered than they'd like you to believe, and they just securitized a portion of their data library. Never mind that they've given away a source of cash flow and upside potential - it served two very short-term/short-sighted foci: 1) more cash with which to shoot more data, and/or convince the Street that its Net Debt number is adequate 2) provides an earnings kicker (one-time gain on sale of the securitization which they will absolutely use to manipulate earnings), hopefully providing a higher stock price Look at this company's Return on Capital over the last 7-8 years. Even in the hot '97/'98 market it was terrible. This is one I'd stay away from. Just my two cents