If the engine is cold, all the oil should have drained back to the pan and you should have either a full reading or slightly higher reading on your dipstick.
As far as filters, I use Mobil 1, K&N, or Purolator PureOne filters. Been using synthetic oil since I got my PT home from the dealer. Mobil 1 0w-30 is what's in it now. Not using or burning any oil here.
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2002 Almond Pearl Limited Edition 27K
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