GW GREY WOLF Message Board

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Microcap & Penny Stocks : GW GREY WOLF

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To: Lee Fredrickson who wrote (56)	11/5/1997 7:33:00 PM
From: jim p. holcomb	Read Replies (1) of 444

Hi Lee, How are things in the far Northwest?? I can only relate what I know about the management of GW. The top five officers consist of four ex-Diamond Offshore officers. I don't know if they left on good terms or were caught in a downsizing or were offered a better deal in a turnaround situation. They have done an excellent job in turning GW around and it is far from finished. They have an excellent fleet of rigs that is just now beginning to see rising day rates that will only rise more in '98 & '99. They are smart enough to know how much debt they can afford and the lenders have a lot of faith in them. Those of us who started buying @ 2 7/8 in Feburary, think they hung the moon. If you buy on dips, you will always love this stock. Jim.

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