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

To: Gil Kempenich who wrote (2880)	11/12/1997 4:52:00 PM
From: Thean	Read Replies (1) \| Respond to of 95453

Gil, I don't know about specific company very well. I follow the whole sector. Pride may fall more than others today, but others will fall more tomorrow (or yesterday). When the dust settles, the ones that have fallen the most will be the best buys. Sorry can't help you much. We have to set aside fundamentals for a moment in today's trading condition. The street is an irrational institution that feeds on fear and cheers on hype.

To: Gil Kempenich who wrote (2880)	11/12/1997 5:12:00 PM
From: bw	Read Replies (1) \| Respond to of 95453

Gil..I probably know more about PDE than some here, having researched the company..and investing in them for the last 10 months. They are a solid company with a very promising outlook. The company has moved their emphasis away from land drilling to deeper water with latest rig additions [&Forrestol-Foramer merger]. The stock is a good and stable performer, especially after the move to NYSE a few months back. Their low PE can be attributable to a higher than industry average of debt, and their still-lacking deepwater capabilities compared with NE or GLM..both good comparables to PDE. I would look to buy in the 20s, if possible [I liked them better at $17...] also..Latin America exposure could have an adverse impact, however, the company has stated that they are well positioned to counter currency fluctuations..