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

To: Jamey who wrote (31561)	11/6/1998 4:37:00 PM
From: dealmakr	Read Replies (2) \| Respond to of 95453

Santiago, Would this be correct SESI@ 4 1/4 PKD @ 5 SESI= .9 share/PKD. Value should reflect 4.5 SESI I bot PKD @ 5 today and thought it would move with the rest of the sector, but when bid came to 5 1/16 and offer was 5 1/8, there was over 85k to sell at the eighth. I think that the arb guys have this one for a while maybe shorting PDK and buying SESI. After the merger, I do think that this won't matter, now the price of crude thats a different story. I sold PKD at 5 1/16 and may buy SESI now to take some advantage of the difference. Good Trading Dave