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

To: bob stroup who wrote (39526)	3/10/1999 7:18:00 PM
From: AltLar	Read Replies (1) \| Respond to of 95453

Been down so long it looks like up? While it may seem like things are up, those of who took the long ride down know how low we really are still. if you are thinking of selling now pull up a two year chart on any of these stocks to remind yourself of where we were (and hopefully will be again someday).

To: bob stroup who wrote (39526)	3/10/1999 7:28:00 PM
From: Wallace Rivers	Respond to of 95453

PZL is now Jiffy Lube, Q Lube, and Pennzoil/Quaker State Motor Oils. IMHO, basically the marketing part of the former full Pennzoil entity. Post spinoff, the E&P arm is now Pennzenergy (sp?) (NYSE-PZE). I still like PZL - great brand names, good CEO according to an article in Forbes. Growth lately has not been stellar.

To: bob stroup who wrote (39526)	3/10/1999 7:31:00 PM
From: James Cherney	Read Replies (1) \| Respond to of 95453

Bob, RE: PZL My thoughts: Valued at $1.3B...Sales $3.2B...Gross margins 35% stock trades at 13P/E...Earnings growth projected concensus 10.3% annually for next 5 years (some analysts have it at 7%)...Leverage is 80% (?)... Long term debt only $290MM...total debt $1.2B which explains 80% (MRO is at 80% too fwiw)...BV is $6... pays $0.75div 5.75% yield...expect cost savings of $100MM from team up w/ Quaker State only has $6.6MM in cash so don't see em buyin back shares...Its a new company but it does have the two leading oil brands and change shops Jiffy Lube& Q lube I'm Guessing it gets decent oil prices from its parent PZE...I like yield, brand leadership and new focus. I don't like low profitability...Hope mgt. doesn't either...I'm probably a buyer tomorrow but will inch in...I don't mind buying on the way up