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Microcap & Penny Stocks : Superior Energy Services-SESI -- Ignore unavailable to you. Want to Upgrade?

To: paul feldman who wrote (415)	1/7/1999 10:44:00 AM
From: mc	Read Replies (1) \| Respond to of 522

OK, not to insult any PKD holders, but, I think this is fabulous news. I would have voted against the deal anyway. I thought the price was WAY too low. SESI looks much better fundamentally. Now I don't have to worry about PKD's debt levels, higher P/E, lower projected growth rate, etc... SESI's projected earnings over the next fiscal year would have been most of the earnings of the combined company. So, we would have had a worse balance sheet while providing almost all the earnings and been paid no premium for it! What a terrible deal. Thank you whoever called it off. Now, anyone know how much that payment to PKD is? Ouch. Gary