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

To: SliderOnTheBlack who wrote (41621)	4/5/1999 11:35:00 AM
From: ItsAllCyclical	Respond to of 95453

UFAB looks like it went IPO during just a few years back in the mid 40's. As such it's been on a downtrend pretty much since it's IPO. I agree it does look cheap and I've been buying. But I guess it may take longer to break the overall trend. It's 200 dma is still around 10. RIG's is around 30. So UFAB isn't really behaving that much different than the rest of the sector, but I expected UFAB to be around 9 to 9 1/2 by now. UFAB's estimates should be looked at with a grain of salt since there are only two firms covering. The estimates are very far apart. UFAB's IR has yet to contact me. I would have a tendancy to believe the lower estimate. However, even with this in mind, it still looks pretty good.

To: SliderOnTheBlack who wrote (41621)	4/5/1999 1:24:00 PM
From: BigBull	Respond to of 95453

It's goin' to be fun fightin' you to get my UFAB <vbg>. I like your approach of a three step buy in. Will be lookin' to get more soon. So far these guys have barely been touched by the oil patch depression. I agree with Gary on this one - H&S bottom forming - doing the right shoulder right now, I think you got maybe a week to buy this one, and I'll be puttin' my money where my mouth is. I would LOVE to get FLC at ~ 7. Still got my beloved PDE, don't want to sell until 13 - 14. I'm gonna be stubborn on this one, just like I was with GLBL. Even if I sell it up there, it still won't be above book, that just goes to show people how incredibly CHEAP this sector STILL is. Crude again touched 17.03 today. biz.yahoo.com Natural Gas is doing exceeding well to stay over two bucks. You and Douglas look to be onto something big with this gas business. I'm going to start looking closer.