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

To: Broken_Clock who wrote (15236)	3/18/1998 9:30:00 AM
From: Lucretius	Read Replies (1) \| Respond to of 95453

Pap, I exagerated somewhat on UNT. Bookvalue is around 4.5 to 5. NAV is $8. UNT is a producer of natural gas. They're based in OK. 10 to 15% of their reserves are oil. Due to the greater % of gas they trade w/ gas. They also have a K drilling bus. They have about 34 rigs. They just recently aquired another drilling co. in Oct. They now have one of the last deep drilling land fleets around. They use their own rigs of course, to drill their wells. Most of their drilling bus, like much of the land drilling in the US, is gas based. As that press release I posted yesterday said, they are considering expanding into S. America. They have also considered spinning off the drilling co from the E&P, but as of yet this is just talk. at $7 or even $8. I think it is a steal. IMHO Thean: OPMRF- sucker keeps pulling back? Were's support? I ahve a friend that want to buy more. -Lucretius