GW GREY WOLF Message Board

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Microcap & Penny Stocks : GW GREY WOLF

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To: Scott Stents who wrote (247)	3/25/1998 12:08:00 AM
From: Patrick J. Saunders	Read Replies (1) of 444

Scott, Love it twice as much, only if you need to average down. I think it will be a while before we see 9 1/2 again. Average down and you won't have to wait so long to "break even". This assumes that the OPEC and NON-OPEC countries perform as they promise with regards to production cut backs. Also, GW falls into the category of the "Land Drillers" which have the most exposure to drilling budget changes by the E&P companies. In light of current weakness in both the Oil prices the market has factored in the possibility of driller day rates decreasing and drilling rigs getting stacked. Re: GW price fluctuation versus gas prices: I don't think GW sells gas, it just drills for it...Long GW and holding

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