Unit Corp. (UNT)

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dan_s
Posts: 37325
Joined: Fri Apr 23, 2010 8:22 am

Unit Corp. (UNT)

Post by dan_s »

Unit Corp. (UNT): An updated profile and forecast model have been posted under the Sweet 16 Tab.

UNT has a lot of exposure to improving natural gas prices. They are also putting more of their high end rigs to work under long-term contracts that insure increasing revenues for their drilling division.

First Call's Price Target of $71 is reasonable to expect in six months if natural gas spikes to over $5.00 in December.

Unit's "SOHOT" play is what CLR is calling SCOOP.

I think CLR, DVN, NFX, XEC and GST are going to benefit from what is developing in Central Oklahoma. You should all to some homework on SCOOP, STACK and SOHOT. The best place to start is CLR's website, then see what NFX is saying.
Dan Steffens
Energy Prospectus Group
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