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

To: GlobalMarine who wrote (133)	2/1/1998 6:45:00 PM
From: AustinS	Read Replies (2) \| Respond to of 233

While the stock has gone straight down since the Parker / Mesa deal, it appears real interesting now. Insiders have bought recently at higher levels, management and ownership should have a great incentive to get the stock moving in the right direction. At current levels, the asset value has become the story more than near term earnings. Sure, oil & gas prices have been hard hit, but this company has a huge reserve base and alot of staying power. Earlier in the month it raised several hundred million dollars at very low rates due to its investment grade ratings. With all the good press Darla and her husband got on this deal, they must be working overtime to move PXD back to a more acceptable level.