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Patterson-UTI Energy Inc. Message Board

  • arrs20 arrs20 Jul 25, 2013 10:43 AM Flag

    This is when you buy PTEN

    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

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    • I bought today at 20.07 , watched it go to 20.27 and back down again. I expected it to at least close at 20.65
      and move up with the market. What happened? I hope it goes to 20.83 at least on Monday!!

      Sentiment: Strong Buy

      • 1 Reply to nedelkay
      • 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.

20.39+1.57(+8.34%)Sep 28 4:00 PMEDT