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


To: Captain James T. Kirk who wrote (673)5/11/1998 2:58:00 PM
From: The Ox  Read Replies (2) | Respond to of 1305
 
Capt,
My # 1 issue is the price of oil. As long as oil barrel prices continue to be weak, I find it more difficult to hold onto the land based drillers. When UTI was over 20, the price of oil was much higher than it is today. I purchased UTI as a trade, not as a long term investment. I wish I could pick the top of every trade, but I'm not that good.

Call me nervous or cautious, which ever adjective you wish. Doesn't bother me one bit.

Respectfully,
Michael