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


To: tuna who wrote (427)4/6/1998 3:35:00 PM
From: Dennis J Ford  Read Replies (1) | Respond to of 1305
 
Tuna:
Oil is found with natural gas and futures tell what people expect
to pay in the future. The price of oil is directly related to the
earnings of uti and the earnings or expectation of earnings is
directly related to the price of uti's stock. Why would people drill for oil if it's cheap? So oil futures directly influence it's price. Oil futures are going down and so is this stock. When oil futures were going up so was the stock.
Dennis