GW GREY WOLF Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Microcap & Penny Stocks : GW GREY WOLF

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: jim p. holcomb who wrote (140)	1/12/1998 4:18:00 PM
From: Mr. Energy	Read Replies (3) of 444

Jim, Clearly with commodity prices where they are right now presents a real short-term risk. But I look at Grey Wolf from the stand point that demand for deep rigs continues to be strong with GW's fleet still running at effectively full utilization. Moreover, in weak commodity price environments, ususally the small rigs are the first to go down. Part of my attraction to GW vis-a-vis Patterson or UTI is that GW has a large concentration of deep rigs. I will even go as far as to say I think there will continue to be opportunities for the company to reactivate some of their idle capacity this year. If you believe that this industry is in a long term up-cycle, than I think the company would want to take the opportunity to further consolidate the market while valuations are still attractive, even if the incremental earnings contribution will not be felt for a few quarters. Please reply.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next