Strictly: Drilling and oil-field services Message Board

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Gold/Mining/Energy : Strictly: Drilling and oil-field services

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To: Crimson Ghost who wrote (60082)	2/10/2000 11:16:00 AM
From: ItsAllCyclical	Read Replies (1) of 95453

Sold some OSX issues, near term upside appears limited. Bought more UCL - at march levels, I'll take it. XOI, if this a reversal, can run longer than the OSX in the short term. UCL chart 207.61.23.98 XOI chart 207.61.23.98 According to UCL (from Yahoo PR) The El Segundo, Calif.,-based company said its forecast was based on an average West Texas Intermediate price of $21.50 a barrel, and return on capital employed of between 8 percent to 9 percent. The company provided its 2000 outlook and strategy in a meeting with Wall Street analysts in New York. Unocal also estimated a natural gas price of $2.55 per thousand cubic feet for the U.S. benchmark Henry Hub delivery point, but noted that volatile energy prices made forecasting difficult. It said its earnings shift 14 cents a share for each $1 change in average oil prices and 7 cents a share per 10 cent change in U.S. natural gas prices. Their estimate on crude appears very conservative. This is one stock I don't mind margining even with a shaky market.

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