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To: Roebear who wrote (71866)8/28/2000 7:37:20 PM
From: Jon Cave  Respond to of 95453
 
Is anybody here bullish on UCL?

I find it very interesting that UCL is worth less today then in 1997. Also, it is interesting that two courts have upheld UCL's patents on their fuel patents and that the Supreme Court is currently reviewing the patents and could anounce a ruling at anytime.

The stock is trading at around $33 pershare and is probably worth $45 without the patent according to Merrill Lynch in Money Magazine. The patent could add 100 to 300 million net income in royaltys to UCL's bottom line.

Whats the problem here? Looks like it would be a decent buy even if oil was at $25.

I currently don't have a position in UCL.



To: Roebear who wrote (71866)8/28/2000 8:08:30 PM
From: ItsAllCyclical  Read Replies (2) | Respond to of 95453
 
>> A very strange and bullish market reaction to the OPEC +500K news today!

Roebear <<

You could have guessed it based upon the trading action, but CNBC confirmed that...

1) That increase was probably already factored into the prices.

2) More and more "traders" are doubting OPEC's ability to increase production at all.

Remember most of this increase is supposed to come from SA. This is the same country that said they would unilaterally increase this amount a few weeks ago. Then they backed down. OPEC has lost it's ability to "talk down" oil prices. It's now come time to deliver the goods or we will see an oil shock this winter.