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Strategies & Market Trends : Strictly: Drilling II -- Ignore unavailable to you. Want to Upgrade?

To: Cogito Ergo Sum who wrote (28333)	2/18/2003 10:35:54 PM
From: Frank Pembleton	Respond to of 36161

Kastel... about PDL-TSX, I've been trying to guess where the bottom is with that one and you'd think we'd be there...yet there's still weakness in the stock price. Fwiw, they've hedged 100% their production @ $325 (capped at $550) with a the major auto manufacturer. They've increased their production (not sure if they can sell everything), increased their reserves and they have about $93 million in accounts receivable. ...like I dunno...it actually held up pretty good considering the plunge Stillwater took today. Regards, Frank P.