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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 (844)	6/25/1998 11:12:00 PM
From: klinetime	Respond to of 1305

captain, good to see you again. I just loaded on tmar. I am either going to go up or down with oil sector just like I have with techs. Good luck, kline

To: Captain James T. Kirk who wrote (844)	6/25/1998 11:15:00 PM
From: klinetime	Read Replies (1) \| Respond to of 1305

p.s. with a p.e. of 6.3 on tmar you might as well give it a shot!!!!! kline

To: Captain James T. Kirk who wrote (844)	6/26/1998 7:45:00 PM
From: John F. Poteraske	Read Replies (2) \| Respond to of 1305

Basically a lurker when it comes to UTI-Did anyone read or hear about the possibility of a country like Saudi Arabia-might be willing to dump oil on the market-Didn't make any sense to me-Did anyone ever hear about a possible scenario such as this??? BTW-I do own shares in UTI so I don't want to hear any short seller spreading rumors. Just Curious John

To: Captain James T. Kirk who wrote (844)	6/27/1998 7:55:00 PM
From: Stephen Adnan	Read Replies (1) \| Respond to of 1305

A mixed response from a former poster and now lurker. 1. UTI (oil sector in general) looks fundamentally and technically (if this is a short term double bottom) a buy. Patience and buying in a little per month is the idea until "oil takes off" again and UTI buy recs at $23-$25 are prolific. Buying $X,000 worth of shares regularly every month at these prices looks like any excellent long-term investment until the next boom comes in. 2. Even with my feelings as listed in #1 above, the big $$$ investors which I know (and I am not saying AT ALL that I am connected or in the know) indicate the reason that investors aren't falling over themselves for oil / oil service right now is simply because they see OPEC as very weak right now and they feel that an OPEC "agreement" is meaningless. So many Oil rich nations regularly violate said agreements that investors have a "I'll believe it when I see it" opinion regarding oil prices rising. In short, OPEC simply is not what it used to be and just like the unions, probably will never be the dominant force it was before. Every oil producing nation wants money, they are competing against one another and driving prices down and don't give a rat's ass about OPEC. Notwithstanding #2, I will be a nibbler come Monday and really don't hope for any pyrotechnics in the oil sector in the next 6-8 months. This is the time to buy QUALITY depressed oils stocks. Just one opinion. As always, good luck to all Stephen