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To: SliderOnTheBlack who wrote (42275)4/15/1999 2:40:00 PM
From: marc chatman  Read Replies (1) | Respond to of 95453
 
I'm just watching the steam-roller move toward Gary's critical print of 66.80. Whatever voodoo he's been using, he sure has been accurate.



To: SliderOnTheBlack who wrote (42275)4/15/1999 2:40:00 PM
From: Stephen L. Smith  Read Replies (1) | Respond to of 95453
 
Slider -- RE PGO. This was posted on Yahoo today by "siescotic". Do you have information to respond to any of the allegations here?

Some friends in the business just got back from a convention in San Antonio, some sort of Spec Data convention. The word on the floor there was, a lot of the American former employees are getting a class action law suit together. Based on Discrimination, because PGS laid off all the Americans and kept all the Norwegians-since the Norwegians belong to some sort of Union and were really hard to get rid of. Any lawyers out here? Any chance of this costing PGO?? What's the potential downside here? I need to get out if it's going to go public soon! I saw what the $450K penalty did to I/O's stock! By the way, I may get out next oil spike up anyway, data sales are reportedly terrible. Mergers still going on have Oil companies too ocuppied to buy data, and the client base to sell to is shrinking with every merger. With PGO's huge unsold Spec data balance (I hear over 800 Million-can anyone confrim this?), sounds like a downer for the next 12 months or so. Any thoughts on how mergers will affect PGO's big unsold SPEC data balance?



To: SliderOnTheBlack who wrote (42275)4/15/1999 4:04:00 PM
From: Crimson Ghost  Respond to of 95453
 
Slider:

Agree/disagree. My take is that OSX will not be getting back to 72 until the earnings season is over (unless crude surges above $17) But I also think that a break below 60 is very improbable now. In fact I doubt we will go below 62 again. I had expected a 60-66 trading range; now I see 62-68. Still looking for 80 by the end of the quarter.

Seems to be that the ability of the OSX to shrug off bad 1Q earnings reports is VERY BULLISH.