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Technology Stocks : Blank Check IPOs (SPACS)
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To: jrhana who wrote (1520)2/1/2008 11:06:39 PM
From: Glenn Petersen  Read Replies (1) of 3862
 
Thank you for all of your hard work on ESA. I just wish that we could do something to get the stock moving upward.

I have always had a weakness for small oil and gas plays. During the late 70s when the Shah fell, I made a lot of money on the small oil and gas companies. Petrol Industries (from $2 to $19 in less than a year) was a grand slam. I also bought Helmerich & Payne at $2 per share and sold it in mid-50's. That took 20+ years.

I remember when the weekly rig count peaked at 3,200, before falling to 900. It is currently at 1,763. Some good stuff here:

bakerhughes.com
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