Grey Wolf a Buy Pre-Merger

Grey Wolf, Inc. (GW) is the third-largest land driller in the country, with a very capable drilling fleet. The company remains well positioned to weather a slowdown in drilling activity given its strong portfolio of term contracts and a healthy balance sheet.

Grey Wolf's merger with Precision Drilling Trust (PDS - Snapshot Report) will enable the company to take advantage of Precision Drilling Systems high-end drilling rigs as well as high-performance systems and technologies.

Demand for Grey Wolf Inc.'s premium rigs, which are vital for meeting customer requirements in the technically challenging resource plays, remain robust. Grey Wolf is buying back $150 million worth of its own stock, of which nearly 82% has been completed.

Read the full analyst report on GW

Read the full analyst report on PDS

Email	Print	Share	RSS	Rate Pos	Rate Neg	Comment

Loading Stories...

Related Content

RELATED ARTICLES ANALYST BLOG ARCHIVE

Zacks Blog: Bullish MACD for Precision Drilling
(PDS)	08/12/09
Zacks Blog: Inflation Under Control...For Now
(RIG, DO, GW)	06/17/09
Zacks Industry Rank Analysis: Bearish Short-Term Outlook For Oil Stocks
(PDS)	12/17/08
Zacks Blog: Grey Wolf a Buy on Merger
(GW, PDS)	10/30/08
Zacks Blog: Grey Wolf a Buy on Precision
(GW, PDS)	08/29/08

 Posting Comment...

There was a problem posting this this comment. Please try back later.
[CLICK TO CLOSE X]

Comments (Limit 1000 Characters - Used: 0)

Please provide your comments here... Display Name: Email Address:  

 Loading Comments...

Be the first to comment on this article!