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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: Lucretius who wrote (15293)3/18/1998 12:08:00 PM
From: Czechsinthemail  Read Replies (1) of 95453
 
LT,

I realize UNT is mostly in gas, but it occurs to me that they carry a vulnerability to weak prices in that the net asset value can be revalued downward as prices fall. This may impact not just the cash flow they get from current sales and how shareholders perceive the company but also their ability to get financing for drilling projects.
Baird
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