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Gold/Mining/Energy : Anyone following UTI Energy Corp.?
UTI 27.50-1.7%Jan 9 9:30 AM EST
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To: Ronald J. Clark who wrote (1292)6/11/1999 10:27:00 AM
From: S. maltophilia  Read Replies (1) of 1305
 
Thanks for the clarification. I did find the low utilization rate disturbing and let the stock go at a nice profit via an option write. Now that they've bought every little driller that wasn't nailed down they need to put their rigs to work. I hope to get an opportunity to get back in, preferably when the rigs are working and the market doesn't care.
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