The future is still oil and gas. All these stocks have underperformed the market. Soon the market will come down to earth and cash in gains. Then oil and gas stocks will soar.
I am a buyer. Go ahead bash me. I will be lol eventually. PES,NES all ready to move up too. GLTU all
I added PES and looking to add PTEN again. Held PTEN many times for years at a time. Did overall pretty good. Collect a little dividend. Also sold calls at times. The way out Jan 2015 $22 strike give more than 10% now while collecting the divvy. If it gets there another more than 10%. Seems minor but if the banks were offering this it would be a steal.
I am not suggesting to sell these today ,but I looked into them some . 25% or more in 18 months. Hmmm not bad. As long as the stock market or drillers do not get bad news with more regulations.
The world still needs oil and gas. Not going away any time soon. GLTU
PS: I am working 8000s PES now ,with calls sold for half . Dec 2013 $7.50 strike. Goy $0.825 avg up front.
No dividend. That's where PTEN has an advantage IMHO.