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Microcap & Penny Stocks : GW GREY WOLF -- Ignore unavailable to you. Want to Upgrade?

To: Broken_Clock who wrote (197)	2/14/1998 10:19:00 AM
From: jim p. holcomb	Respond to of 444

Papaya King, Most of GW's rigs are deep drillers in the 15,000-20,000 ft. range. I do not think they have stacked any rigs yet. The last time I talked to them they were still going guug-ho in the refurbishing of what they had acquired. BDI does have some deep drillers and they are in a big lawsuit with shareholders over the fact that some of the officer's sold a lot of stock before it took the plunge from 28 to 13. UTI was at one time the darling of the land drillers ; however lately their shares have really plunged and I read where they had stacked some rigs. Nabors has, by far, the most land rigs and if they start stacking instead of moving them to other countries then we are in for some rough times as day rate cuts would be next. IMHO. Jim.