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Gold/Mining/Energy : Pride Petroleum Services (PDE) -- Ignore unavailable to you. Want to Upgrade?

To: Bill Zeman who wrote (379)	2/27/1999 9:50:00 AM
From: patim	Read Replies (2) \| Respond to of 454

Goodmorning: Momentum drives prices way too high or way to low. We really are way too low. Yes, it could stay bad for 2 more years, but if it did, the oil producers( including several once very wealthy countries) would collapse. I don't think that can happen, because the solution is in their control. All they have to do is say "hell no, i am not going to take it anymore". They can raise the price just by slowing down their pump. Also, with so many rigs out of service, once the inventory drops it may drop a lot as it will take take awhile to reactivate many of the rigs. Oil is just too low to sell in my opinion. Could be wrong, but the odds I believe are stacked heavily to our favor. Good luck.

To: Bill Zeman who wrote (379)	2/27/1999 4:54:00 PM
From: DEER HUNTER	Respond to of 454

Bill.....I am not an oil industry expert by any stretch of the imagination but I know value when I see it. PDE is value period. I feel your concerns about bankruptcy and so forth but I think your fear stems from the fact that you have a large paper loss at the moment and it's taxing your nerves. Take a look at a few recent messages about PDE and the oil related news on the strictly drilling thread. These guys are the experts on the sector believe me (win or lose). I read that thread religiously. See ya Monday. Message 8063746 Message 8066221 Message 8067665 Message 8068135 DH

To: Bill Zeman who wrote (379)	2/27/1999 5:34:00 PM
From: DEER HUNTER	Read Replies (2) \| Respond to of 454

from Zacks.....current broker recommendation status... companysleuth.com PRIDE INTL INC (Last Updated: 02/22/99) Wall Street Recommendations Current Average Recommendation: 2.2 Last week's Average Recommendation: 2.2 (1.0 = Str.Buy 5.0 = Str.Sell) Number of brokers recommending as: 3 <Picture> 2 <Picture> 5 <Picture> 0 0 ------------------------------------------------------------------------ Strong Buy Moderate Buy Hold Moderate Sell Strong Sell ------------------------------------------------------------------------ Change in average : 0.0 This company is ranked 23 out of 33 companies in industry, OIL-FIELD SVCS . Research Analysts' Earnings Estimates and Actuals ------------------------------------------------------------------------ Consensus estimate for current fiscal year ( 12/98 ) : $ 1.51 per share Consensus estimate for next fiscal year ( 12/99 ) : $ 0.84 per share Consensus estimate for current quarter ( 12/98) : $ 0.31 per share Last quarter's actual earnings :$ 0.37 per share Last quarter's EPS Surprise: -5 % DH