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

To: Dennis J Ford who wrote (420)	4/5/1998 12:42:00 PM
From: Captain James T. Kirk	Read Replies (2) \| Respond to of 1305

Low volume, that is why it is trending down. How low do you think we are going to go? To 13 or 12 ? Hahahahaha. earnings are this month, and I suspect we will get another upgrade. Don't forget, we are holding above the 50 day moving average, so be careful with your short. This is just an illusion of weakness.

To: Dennis J Ford who wrote (420)	4/6/1998 1:07:00 PM
From: tuna	Read Replies (1) \| Respond to of 1305

in futures markets forward contracts trading at discounts to nearby or spot months does not necessarily imply a downward price movement this "backwardation" can indeed signal a technically tight or "squeezed" market (which is more likely the case in oil right now which everyone and their brother is shorting) conversely, a "contango" market exists when forward prices are higher than spot prices reflecting the cost of carry, more normally associated with a balanced or weak market a better question to ask is why is anyone even watching oil in regards to uti instead of natural gas which represents 70% of revenue and 80% of profits?????