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Microcap & Penny Stocks : GW GREY WOLF
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To: jim p. holcomb who wrote (118)12/23/1997 9:55:00 AM
From: Mr. Energy   of 444
 
I do not think that Grey Wolf would look at a dumpy fleet like Norton, but rather something more like Bayard where 75% of their fleet is deep drilling. On an asset value basis, Bayard trades at ~50% of the level that Grey Wolf does. If the stock gets above $6 I think they could pull off that acquisition. Only time will tell.
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