Anyone following UTI Energy Corp.? Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

UTI 23.13

+0.9%

Nov 26 3:59 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Captain James T. Kirk who wrote (783)	6/8/1998 12:35:00 PM
From: R. Murphey	Read Replies (1) of 1305

Captain James T.: Are the producers getting their ducks in a row? You've been following this sector, shall we say, closely. A short while back, when OPEC announced some token cutbacks there was concern expressed among the members, and stated in the press, that producers who were external to OPEC could easily negate their efforts. The result would simply be loss of market share. They expected non-OPEC producers to fill the production void. Venezuala and Mexico were two primary concerns. Now, within the past few days, Saudi Arabia secretly meets with and negotiates cutbacks involving both. I'm thinking in terms of a series of events pointing to a common theme. Could Saudi Arabia now facilitate OPEC members re-visiting their commitments to cutbacks, in light of Mexico's and Venezuala's demonstration of support towards reducing global output. Could last week's agreement set the stage for a "ratchet down" of member production....... especially by those who were resistant before?

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next