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Microcap & Penny Stocks : GW GREY WOLF

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To: JGreg who wrote (190)	2/12/1998 4:43:00 PM
From: jim p. holcomb	Read Replies (1) of 444

Pastorman, I am on a seven day a week schedule between Houston and Dallas and do not post until I can get a few hours at home. GW is in the process of sharpening their pencils, prior to reporting fiscal yr. earnings. They refuse to hire temporary pencil sharpeners, in order to keep cost down. . There has been an update of earnings by Jefferies & CO. from 7 cents to 8 cents for 1997. This might sound like a very small situation; but let me assure you, this one cent at this time means a lot. All predictions for '98 fiscal are in the 27-28 cent range and if the price of oil stays where it is today, that will be adjusted downwards. Watch the price of Nabors (NBR) and (PTEN) on a daily basis and compare their rise or fall to GW. The land drillers will be the first to stack rigs, if oil continues at these prices. Jim.

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