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Gold/Mining/Energy : PIONEER NATURAL RES. (PXD) -- Ignore unavailable to you. Want to Upgrade?


To: George Mc Geary who wrote (123)12/4/1997 8:30:00 AM
From: Noel  Read Replies (1) | Respond to of 233
 
Not that I'm happy with the stock's performance, but...

Shouldn't these acquisitions be valued as much for the additional reserves as for earnings? I don't pretend to understand this fully, but it seems that an energy company should be looking to balance production with reserves so that it will have strong long term prospects...

NOEL

PS good point on the slump across the whole sector.



To: George Mc Geary who wrote (123)12/4/1997 2:27:00 PM
From: GlobalMarine  Read Replies (1) | Respond to of 233
 
George: Thanks for your post. I've read a few little things here and there about what EPS may do with these acquisitions but I cannot really zero in on why this stock should be worth $30 right now. If you or anyone else can shed some more light on this, it would be appreciated.