Patterson Uti Energy Inc (PTEN)

[profiteer11]

FYI In July, Patterson-UTI Energy (PTEN) had an average of 269 drilling rigs operating, including 258 rigs in the United States and 11 rigs in Canada.

Shares of Patterson began the year just below $20 and then ran to $37.45 in late June, but then they hit the skids along with Texas Tea (crude oil) and put in a solid double-bottom just above $24 in early August.

Today, shares are up a dollar to $28.73, and the outlook for Patterson seems to have improved even as Gustav, a Category 1 hurricane, moves toward Cuba.