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

To: Flan who wrote (14725)	3/13/1998 11:19:00 AM
From: Czechsinthemail	Read Replies (1) \| Respond to of 95453

I just heard news on the radio of Exxon making a big deepwater oil find off the coast of West Africa. Apparently there were three big oil reservoirs discovered. I don't have much more detail on it, but it may help draw some positive attention to deepwater drilling. biz.yahoo.com Baird

To: Flan who wrote (14725)	3/13/1998 11:40:00 AM
From: Don Westermeyer	Respond to of 95453

Yes - PDS shows 100% top line revenue growth - beats street estimate by .04 cents and reports a whopping .$83 cn a share qaurter more 100% growth of earnings - The street says we like that and bid up the stock a huge 1/4. Street obviously feels that at $19.5 and a 5 p/e this great growth story is fairly valued. Hmmmmm are there no value players left in this market!!!! LOL - Same thing happened when TMAR released earnings. I've seen this with a lot of stocks lately. Market seems to play by buying on dips, then selling into earnings.