*HOT NEWS*
Going by this news, GW is a " Bargin ". Read on..
Energy demand is at all-time highs, technological advancements have lowered the costs of finding oil, rig utilization is near 100%, and oil service equipment supplies are tight. As a result, the near-term may be bumpy for oil service stocks but the overall trend in oil exploration and drilling remains bullish. David Dickson, a spokesman for Mobil, has said that drilling rigs, steel pipe and pressure pumping equipment are all in scarce supply. The result has been that oil service companies have been able to raise prices on some equipment. Product prices are now slightly higher than in the previous quarter, and way up over 1996 levels.
*** This is very very positive for GW. If your thinking about getting in this stock, I think now is the time to do it. Good Luck Everyone! |
