Anyone following UTI Energy Corp.? Message Board

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Gold/Mining/Energy : Anyone following UTI Energy Corp.?

UTI 22.92

+5.3%

Nov 25 3:59 PM EST

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To: Pete Russo who wrote (487)	4/15/1998 7:59:00 AM
From: Harold S.	Read Replies (1) of 1305

My comments are very simple..but I hope they help. This stock is undervalued in an industry which has been beaten down for months. the stock has a terrific history of earnings and growth. there is no reason to believe that will not continue. when the price of oil was flying high this stock was in the upper 40's!!! the low is about 12. At today's price of 16 1/2 we are 4 1/2 points off the low and 32 points off the high!!!! A no brainer in my book. Oil prices will once again fly high. Summer is coming then fall is coming!! Yes, we may see another dip to retest lows..but so what?? if we do not you have missed the boat. If we do then it just means it takes a little longer to get back to the old levels. I don't see the advantage of waiting in this scenario where a good earnings report next week may leave you behind or chasing the stock up. Technicals look good and are improving and the fundamentals of the company, as just reported by Lehman, look terrific. Jump in and put this one away for a few months and see where we are in August or September. i think you will be very happy!! Just my 2 cents. I know there are some that say oil may retest lows...and I can't agree or disagree with them...but I don't think that means that anything I said above does not stand as stated!!

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