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

To: scott mcdowell who wrote (23804)	6/11/1998 9:41:00 AM
From: SliderOnTheBlack	Read Replies (2) \| Respond to of 95453

UTI is one of the best values with tremendous upside and good support at these levels. I like this company, their strong natural gas business has cushioned them; they are showing better support than most land drillers at these levels. UTI is now selling at a tremendous discount being only 29% (now @ $14) of its previous year to date high of $48 5/8ths; ''when'' they retrace to this high, it will be a 248% return ! --- for the true bottom fishers - add a little margin leverage to this and we have some real ''bang for the buck'' ! They are a small $225 Million market cap company with good growth going forward and have to be one of the great buys right now. For the patient and strong at heart; PTEN and BDI among drillers have the greatest upside when the tide does turn - just a matter of how long the wait will be... Tough decisions in this current selloff enviroment - buy crude price resistant stocks like CXIPY, GGY or other subsea or seismic companies? OR selloff losers and use funds to cost average down in just 4-5 core holdings of the strongest fundamental companies in their sectors like ESV, FGII, RIG ? OR buy the true absolute value plays like UTI, BDI, PTEN, TCMS etc. and sit patiently and wait for what will be the greatest return on investment ...??? I'm buying more SCSWF on the strong subsea niche and its acquisition of DIVE, averaging down on favorites like CDG, FLC on further declines and if we get good news on the OPEC meeting then I may just make the final buys on the ''values'' like UTI, BDI, PTEN & especially TCMS. How low can they go???