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 Gold/Mining/Energy | PattersonUTI Energy Inc.

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To: pat w. who wrote ()7/8/1999 9:32:00 AM
From: Gary Clarke   of 293
 
Where did everyone go??? Oil futures are climbing and no one has a comment on where we may go?? Is SI a dead board now? Gary

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To: Gary Clarke who wrote (255)7/8/1999 9:28:00 PM
From: tigerstock   of 293
 
Could be a lateral base forming.If it kicks up on any volume surge it could take off.Put in a mental stop and get yourself out if it starts to drop.

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To: tigerstock who wrote (256)7/8/1999 10:16:00 PM
From: RBlatch   of 293
 
Tiger - Why would you want to get out of PTEN at this time? The recovery is in its infancy. Demand is increasing from the asian countrys including S Korea, Japan, and even Europe. OPEC compliance is at 94% on their cutbacks. And natural gas is heading for an extreme shortage. What better conditions could you possibly want in order the justification of holding this stock? My opinion - go fishing and check back in eighteen months to cash in some of your profits. These opportunities don't present themselves very often.
Cordially,
RBlatch

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To: RBlatch who wrote (257)7/9/1999 6:21:00 AM
From: tigerstock   of 293
 
I'm looking at the Technical or charting view on a stock.Oil futures are up and I agree on the OPEC.But if a stock starts to drop the worse thing you can do is to hang on waiting for it to return.May not happen,but just a thought.The large commercials are still short on the oil contracts.

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To: tigerstock who wrote (258)7/9/1999 10:32:00 AM
From: RBlatch   of 293
 
PTEN is up over 135% since March 1. Corrections are healthy and normal. That said, PTEN has been baseing between 9.5 and 10.5 for over a month now. My advice to anyone listening, is to hold on tight and buy on dips. The Nov 97 highs will be here before you ever see 4 again.
Cordially,
RBlatch

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To: RBlatch who wrote (259)7/9/1999 2:41:00 PM
From: Gary Clarke   of 293
 
Week over week charts look great. With Asia and now Europe starting to revive, I don't see how these drillers won't do well in next 12 months. Gary

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To: Gary Clarke who wrote (260)7/9/1999 2:59:00 PM
From: RBlatch   of 293
 
It's as good of a slam dunk as I've ever seen. (Barring catastrophic outside forces.)

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To: RBlatch who wrote (259)7/9/1999 4:41:00 PM
From: tigerstock   of 293
 
Yes corrections are healthy.I'm not putting the stock down.I'm just trying to tell my style of investing.Doesn't have to be yours.

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To: RBlatch who wrote (261)7/12/1999 10:25:00 PM
From: Roebear   of 293
 
RBlatch,
For heaven's sake, don't discourage any sellers I may want some of this puppy at a good price tomorrow<gggg>.

If I get permission, I may post an URL to an interesting chart of PTEN tomorrow.

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To: Roebear who wrote (263)7/12/1999 11:56:00 PM
From: RBlatch   of 293
 
Sorry Roebear -- You can't buy mine.........yet!<ggg>

Cordially,
RBlatch

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