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

To: marc chatman who wrote (15056)3/17/1998 12:38:00 PM
From: Lucretius  Respond to of 95453
 
UNT is trading below bookvalue and they have "basically" NO exposure to oil. Their reserves are 80 to 90% natural gas. Their rigs are in the gas mkts in OK & South Tex.

This is what I mean about emotions taking over. No reason for the selloff in UNT, but it occurs. Not everything is a bargain out there. Do your homework and find the steals. Tak advantage of others' stupidity!

-Lucretius



To: marc chatman who wrote (15056)3/17/1998 1:33:00 PM
From: marc chatman  Respond to of 95453
 
My fellow sufferers, my opinion is that the big brokerages have been unloading the past couple of days, and we should expect to see downgrades and downward earnings revisions as soon as they are finished.


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