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Pennzoil like other stocks recently hit a 52-week low. With a spin-off in the works and a merger of another division with Quaker State Oil company, could we be looking at an undervalued stock at todays levels ($37 7/8). I am accumulating the stock and starting doing so as of this morning at prices ranging between $36 1/2 - $36 13/16. I predict $42 - $44 very shortly and then a run towards the $58 mark. Any comments ? | ||||||||||||
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