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Microcap & Penny Stocks : GW GREY WOLF
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To: Mr. Energy who wrote (142)1/14/1998 3:10:00 PM
From: jim p. holcomb  Read Replies (3) of 444
 
Mr. Energy,

The recent acquisitions by the land drillers and BDI's IPO, looks like a game of Monopoly, with everyone adding to their holdings. If the oil price tanks to $12-14 per barrel there will be a lot of them in jail that did not collect the $200.00. It all depends on the price of oil. When do the E & P people say "let's hold off drilling that well until oil hit's $18.00 again"?. Sure reserves must be replaced, but at what point?. Jim.
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