Silicon Investor (SI) -- The First Internet Community

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 : Strictly: Drilling and oil-field services -- Ignore unavailable to you. Want to Upgrade?

To: ItsAllCyclical who wrote (67635)	6/5/2000 7:18:00 PM
From: sportsman	Respond to of 95453

BSNX Operational Update: biz.yahoo.com I don't like the decrease in production this quarter, but looks very good for later this year. Sportsman

To: ItsAllCyclical who wrote (67635)	6/5/2000 7:42:00 PM
From: Ronald J. Clark	Respond to of 95453

FWIW re: UTI/PTEN There was a very knowledgable poster on the AOL Driller Board (PEngr) who postulated that UTI should (based on number of rigs owned and shares outstanding together with other considerations) trade at 1.5 X PTEN's share price. I've followed the two companies for years and this rule of thumb has worked quite well. Whenever one or the other of the companies gets significantly out of line with the 1.5 X rule it has paid to sell the "rich" one and use the proceeds to buy the "cheap" one. This assumes of course that we remain in a bull market for land drillers. Ron Clark