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

To: Gil Kempenich who wrote (3031)	11/17/1997 8:44:00 PM
From: Lucretius	Read Replies (1) \| Respond to of 95453

I don't follow the company in detail, but if the rumors are true about decreasing pricing power for the shallow guys, I believe that is where PDE is focused. I know NE dumped off all their shallow water jackups on to it earlier this year for a hefty sum. Looks like a smart move right now on NE's part, but we'll have to see how things shake out. Good Luck! -Lucretius

To: Gil Kempenich who wrote (3031)	11/18/1997 2:05:00 AM
From: Czechsinthemail	Respond to of 95453

Gil, I kind of like Pride. I think their heavy international presence is likely to work in their favor, with longer contracts and less downtime between contracts producing a steadier and less variable business. However, my preference is for companies with greater offshore operations. I believe PDE is about 70-75% land-based. Though I think PDE will do well and probably better than other predominantly land-based drillers, I think the prospects for the offshore drillers looks better. Baird