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: JHR who wrote (10493)	2/3/1998 10:38:00 PM
From: A. Fineigler	Read Replies (2) \| Respond to of 95453

JHR, A few things may be affecting PGO. First and foremost, they issued a boatload of new shares, diluting earnings. Second, due to their heavy investment in state-of-the-art seismic exp. boats, some investors may be categorizing them with boat companies, which have been under threat of falling rates in some areas. Silly but possible. Third, SLB is big in seismic exploration (amongst other things) and failed to meet expectations. So the whole sub-sector may be getting tarred with the same brush. Fourth, there may be a fear among some that low crude prices will lead to reduced seismic mapping demand. Invalid, but possible. A statement from PGO on the outlook for their business would be very welcome at this point, to dispel the pall that seems to have descended on the stock. Having said all of that, if anyone has a better explanation I'm all ears. PGO looks like a great buy, but if it isn't and anyone knows why, please enlighten us. Thanks. AF