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

To: Paul Senior who wrote (44581)	6/3/2005 3:45:01 PM
From: Area51	Respond to of 206085

PETD is a solid investment around here IMO. Good balance sheet (5.70 per share in cash versus 1.20 per share in debt). Around 10x earnings is not exceptional for E&P play, but with its balance sheet and below average risk (it makes some good money selling drilling partnerships)it deserves a premium in my opinion. Plus the buyback should put a floor under the stock. Doesn't do much development drilling but should have some results shortly that could cause some volatility. Good trader. At one time it was in the IBD 100 and got pushed to extreme valuation at over 40.