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

To: energyplay who wrote (31055)	3/22/2004 3:03:06 PM
From: excardog	Read Replies (1) \| Respond to of 206316

Been doing some dd on PPP and I found this interesting from the annual report: <<a $2,407,000 write down of the cost of the Company's tubular inventory stock, for which no comparable expenses were incurred in 2002.>> Seems odd to me that they would have written this asset down based upon what I'm hearing regarding pipe prices. BTW I think PPP is pretty cheap compared to most E&P's but I'm holding off entering for now due to market conditions. One other interesting thing on PPP is they have one of the lowest employee counts I can find for a company it's size. They have the same number as many small caps which I find interesting. Scott