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

To: Czechsinthemail who wrote (13743)	3/5/1998 12:48:00 PM
From: marc chatman	Read Replies (2) \| Respond to of 95453

Rating on GW lowered: biz.yahoo.com

To: Czechsinthemail who wrote (13743)	3/5/1998 12:56:00 PM
From: Big Dog	Read Replies (1) \| Respond to of 95453

Don't think for a minute thyat PDE is sitting still. The mgmt is smarter than you guys are giving them credit for.. They are also very diversified across the globe. If the stock is weak I would be a buyer.

To: Czechsinthemail who wrote (13743)	3/5/1998 1:18:00 PM
From: Lucretius	Read Replies (1) \| Respond to of 95453

Baird, you must own PDE (ggg) Come on, you're better than that post. That's like saying "if these stocks go up, we all make $$!" (ggg) Seriously, I think we're all fully aware of who will do well if oil prices surge. Obviously PDE will do fine in that scenario, so will UTI, GW, and NBR. My only comment was based on the S-T and the way things turned out after they purchase. From hindsight, it appears that they bought those rigs at the top and paid NE too much. Maybe they're just unlucky. But I do believe that L-T prospects are still better for the deepwater drillers even if oil prices return to $20 because of the long lead time in building them as opposed to land rigs and barges. I give NE high marks for unloading all of their land rigs, barges, and shallow jackups in late '96 and '97. Looking after the fact, wouldn't you? -Lucretius