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

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

To: Scott Stents who wrote (247)	3/25/1998 7:51:00 PM
From: jim p. holcomb	Read Replies (1) \| Respond to of 444

Scott, You have to understand Wall Street. They do not know the difference between natural gas and oil. All of the news lately has been about the price of oil. The price of natural gas has held steady. If we have a really HOT summer (and everybody will blame it on El Nino) then the cost for air conditioning will go up due to the fact that a lot of the electric companies now use natural gas instead of coal to provide them little bitty, expensive kilowatts. If GW is involved in the drilling of Natural gas and their exploration companies, continue to explore for natural gas, then the demand for GW rigs will continue on a good basis. The good news this week is that the rig count in Louisiana and Texas, which is where their core drilling prospects are located, actually increased, while the national rig count decreased. I am still a cheerleader at this price for GW and when I have any news that you should know or that blows my skirt up, I will be the first to post. Don't feel like you are alone @ 9 1/8. There are several @ 10.1/16. Average down and tell the newcomers, when you are an old timer in a retirement resort, "I made my money on a stock called GREYWOLF" Best wishes. Jim.