I traded GreyWolf a lot. I sold my entire position right before it happened. I could not believe it. It was a very low keyed buyout. One day I logged on and they were gone. Parker is similiar in many ways. This time I will also keep a balance of shares. Just in case they're is a buyout. Good Luck!!!
ARR, I was hoping someone that actually was in the business would comment. There fundamentals have been good, but I did not know that much about the lawsuit so it caught me by surprize. I live in the Houston area and was a GreyWolf-er, before Parker. Thanks for the comments. PKD is a stock that has disappointed in the past, but one day I hope it will pay off for you and I. Thanks again...
PKD had some setbacks and if you listen to the last Conference call you will learn some. They since have took steps to improve.
OIL is still very much in demand. Drillers have done well. look at the small ones PTEN,PES,PDS not to mention the big ones. All up big the past six months. See the charts.
GW two years ago got bought out buy PDS along with others consolidating during the last two years.
I am no expert. I mean well. Hear the CC. Go on their site and you will find links to the call. worth hearing all CC. IMHO.
I been playing this game small since 1973,then in the 1990s went bigger and 2005 do it for a living. Very hard though. ups and downs. never bust out big and stay. Pays the bill. I live tight, conserve. Oh I am 1950 BTW. GLTU