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 : Anyone following UTI Energy Corp.? -- Ignore unavailable to you. Want to Upgrade?

To: klinetime who wrote (319)	3/13/1998 2:24:00 AM
From: Dennis J Ford	Read Replies (1) \| Respond to of 1305

Klinetime: Some more info: Since November 1995, the Company has acquired 51 rigs in three transactions. FWA was acquired in November 1995 for $12.9 million net cash, Viersen in August 1996 for approximately $14.5 million (consisting of $6 million cash, a two-year $8.0 million note and warrants to purchase Common Stock at $15 per share) and the contract drilling business of Quarles in January 1997 for $16.2 million (consisting of $8.1 million cash and shares of Common Stock having a value of $8.1 million). Oil is down. The number of shares of stock is accurate from what was stated before. To me this looks like a buy.I'm buying and will buy more. It looks so good ,but why is it low and stays low it's scary. Dennis