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

To: Fredman who wrote (32758)	12/11/1998 2:24:00 PM
From: BigBull	Read Replies (2) \| Respond to of 95453

Fred: You are 100% correct - Those ratios are trailing. I included pe and ps because they are a shorthand way of reflecting the 80 - 85% price declines of these stocks and the EXTREMEly low expectations earnings expectations going forward. HLX will survive because of their high backlog plus the fact that their accounting methods front load charges. They also do not have 100% exposure to the oil patch. PDE has two bucks in cash, maybe not so much now, but still in pretty good shape. Io has 0 debt but is probably the riskiest of the bunch. Who knows? You buy your ticket you take your chances. What are your picks?