Grey Wolf, Inc. (GW)

[JRyan]

Can you believe I actually bought some more shares with the options?

[JRyan]

They *&%(% ed the shareholders.

[JRyan]

I got screwed on this one, I now have shares of something that is 10% the value I started with.

[analogdog]

weeee.... congrats to holders....

[OptionMonster]

Grey Wolf to review unsolicited, $9-a-share bid from Precision Drilling Trust

BOSTON (Thomson Financial) - Grey Wolf Inc. Tuesday said it received an unsolicited proposal in a letter from the board of Precision Drilling Trust, offering to acquire all of Grey Wolf's common stock for $9 per share.

Grey Wolf's board said it intends to evaluate the Trust's proposal consistent with its fiduciary duties and Grey Wolf's obligations with respect to unsolicited third party offers under the merger agreement with Basic Energy Services Inc. and Horsepower Holdings Inc., which remains in effect.

Shares of Grey Wolf, a Houston-based provider of land drilling services, soared 8.9% to $9.01 in afternoon trading.

[analogdog]

Solid company. IMO

[analogdog]

Thanks.... just a little work.. any help is appreciated.

[captain america]

its always surprised me how little of attention this company gets.

nice job!

[analogdog]

Gratzi... beefed it up a bit.

[captain america]

nice new duds! looking good analogdog!

[frenchee]

I like your ibox analogdog...

[analogdog]

Many small oil and gas companies providing opportunity.

[analogdog]

Overall uptrend established... interesting business.

[analogdog]

agreed...... you may want to check out a few I put on Doghouse board recently... interested in your take.

[frenchee]

good trading stock with an up bias

[analogdog]

how do you feel about the movement on this one?

[captain america]

Form 8-K for GREY WOLF INC

http://biz.yahoo.com/e/080422/gw8-k.html

[captain america]

Grey Wolf, Inc. Cancels Scheduled Annual Meeting of Shareholders

http://biz.yahoo.com/bw/080423/20080423006315.html?.v=1

[captain america]

Grey Wolf Inc. (GW, $7.18, -$0.42, -5.53%) and Basic Energy Services Inc. (BAS, $26.98, $1.24, 4.81%) definitively agreed to merge and form a new company valued at about $2.9 billion, the companies said on Monday. Under the terms, holders of Grey Wolf will get $1.82 cash and 0.25 share of the new company for each of their shares. Basic Energy holders get $6.70 cash and 0.9195 share of the new firm for each of their shares. .

http://houston.bizjournals.com/houston/stories/2008/04/21/daily1.html?ana=yfcpc

[captain america]

TSC Ratings' Upgrades, Downgrades



http://www.thestreet.com/_yahoo/newsanalysis/ratings/10412535.html?cm_ven=YAHOO&cm_cat=FREE&cm_ite=NA



Grey Wolf (GW - Cramer's Take - Stockpickr), which provides onshore contract drilling services to the oil and natural gas industry, has been upgraded to buy. The company's debt-to-equity ratio of 0.42, is below the industry average, implying successful management of debt. Its quick ratio of 4.06 demonstrates an ability to cover short-term cash needs. Net operating cash flow has increased 8.5% to $60.2 million from the year-ago quarter. Despite this increase, the Grey Wolf's cash flow growth rate still lags the industry average growth rate of 40%. At 42%, the company's gross profit margin is strong, but its net profit margin of 16% trails the industry average.

Share price has changed much from where it was a year ago. With a price-to-earnings ratio of 9.20, the stock is much cheaper than others in its sector. We believe the stock has good upside potential despite the fact that it has already risen in the past year. Grey Wolf had been rated hold since Nov. 13.

[captain america]

looking really good now frenchee woo hoo! lol

[captain america]

hey frenchee! GW is still plugging along

[frenchee]

Company Performs Well In Fundamental Analysis -
We currently has a BUY rating on GREY WOLF INC (GW), based on a final overall grade of 68.6 scored by the company's fundamental analysis. GREY WOLF INC scores at the 91st percentile among all 5376 U.S. listed equities currently followed. Our present rating dates to August 20, 2005, when it was upgraded from a HOLD. Relative to the Oil & Gas Drilling sub-industry, which is comprised of 19 companies, GREY WOLF INC's grade of 68.6 ranks tenth. The industry grade leader is NOBLE CORP (NE) with an overall grade of 86.4. Relative to the Oil & Gas Drilling sub-industry which has returned 6.2% in the last six months, the stock has performed poorly, down 7.21%, albeit better than the S&P 500's -12.84%.

[captain america]

upgrade!

http://finance.yahoo.com/q/ud?s=GW

[captain america]

grey wolf

http://seekingalpha.com/article/59402-grey-wolf-to-benefit-from-accelerated-natural-gas-drilling?source=yahoo

http://www.thestreet.com/_yahoo/newsanalysis/stockpickr/10400774.html?cm_ven=YAHOO&cm_cat=FREE&cm_ite=NA

[captain america]

http://biz.yahoo.com/bw/080129/20080129006385.html?.v=1

[captain america]

Grey Wolf, Inc. Earnings Conference Call Invitation February 21, 2008 - 9:00 a.m. CT

http://biz.yahoo.com/bw/080125/20080125005702.html?.v=1

HOUSTON--(BUSINESS WIRE)--Grey Wolf, Inc. invites you to join Thomas P. Richards, Chairman, President and Chief Executive Officer, David J. Crowley, Executive Vice President and Chief Operating Officer and David W. Wehlmann, Executive Vice President and Chief Financial Officer, Thursday, February 21, 2008 at 9:00 a.m. CT for a discussion of operating results for the fourth quarter and year ended December 31, 2007. Grey Wolf will release earnings after the market closes on February 20, 2008.

Following the presentation there will be a question and answer period.



Date:


February 21, 2008

Time:


9:00 a.m. CT

Dial-In Number:



Domestic:


800-952-4645


International:


212-231-2902

Reservation Number:


21374010


Please call ten minutes ahead of time to ensure proper connection. The conference call will be recorded and available for replay at 11:00 a.m. CT on February 21, 2008 until 11:00 a.m. CT on February 23, 2008. To hear the recording, please call [phone] domestically or [phone] internationally and enter access code 21374010.

The call will also be webcast live on the Internet through our website at: www.gwdrilling.com

The call will be available for replay through our website for approximately two weeks after the conclusion of the call. A copy of our earnings release will also be available on our website.

If you have any questions, please call David W. Wehlmann with Grey Wolf at [phone].


Contact:

Grey Wolf, Inc., Houston
David W. Wehlmann, 713-435-6100

Source: Grey Wolf, Inc.

[captain america]

looking like it might test resistance

gw

[frenchee]

a lot of resistance between 5.65 and 5.75. looks like more consolidation in order before 5.75 is taken out...

[captain america]

gw financials

http://finance.yahoo.com/q/is?s=gw

[frenchee]

Will $5.00 hold as support?

[PENNYPRINCE 1]

In more 6.29

[captain america]

gw buyback

http://www.thestreet.com/_yahoo/markets/buybackcalendar/10381605.html?cm_ven=YAHOO&cm_cat=FREE&a...

[captain america]

gw

Grey Wolf, Inc. Announces Two New Rigs and the Increase of Its Common Stock Repurchase Program
Tuesday September 25, 5:31 pm ET

HOUSTON, Sept. 25 /PRNewswire-FirstCall/ -- Grey Wolf, Inc. ("Grey Wolf" or the "Company") (Amex: GW - News), announced that it has entered into three-year term contracts with two exploration and production companies to deploy two new 1,500 horsepower built-for-purpose rigs. With deliveries expected in the second and third quarters of 2008, these rigs are designed to drill multiple wells from the same location. The expected purchase price per rig is approximately $21.0 million, and these rigs will be deployed in the Rocky Mountain market.

ADVERTISEMENT
Additionally, the Board of Directors authorized a $50.0 million increase in the Company's common stock repurchase program. Grey Wolf will from time to time make purchases of common stock up to $150.0 million in open market or in privately negotiated block-trade transactions. To date, the Company has repurchased 12.5 million shares at a total cost of $86.1 million under the program leaving $63.9 million available for future purchases. The number of shares to be purchased and the timing of purchases will be based on several factors; the price of the common stock, general market conditions, available cash and alternate investment opportunities. The stock repurchase program is subject to termination prior to completion.

Tom Richards, Chairman, President and Chief Executive Officer stated, "We are committed to bringing value to our shareholders. Our strong cash position enables us to continue to grow the Company's quality rig fleet balanced with the continuation of our common stock repurchase program. This balanced strategy underscores the Board's confidence in the current and projected strength of Grey Wolf."

Mr. Richards said, "The Company will also utilize the component parts of three of its currently marketed rigs as spare equipment. These rigs are low horsepower, mechanical rigs located in the Rockies -- two 450 horsepower units and one 550 horsepower unit. There is no current financial statement impact as a result of this decision."

Mr. Richards concluded, "Over the past three years, Grey Wolf significantly improved its rig fleet through the substantial upgrade and refurbishment of 17 rigs and the deployment of eight new rigs. In addition, we recently acquired two like-new rigs and are adding the two new-build rigs announced today. We have sold or moved to parts inventory 15 lower end rigs (including the three in this announcement) during that time. Grey Wolf is focused on providing equipment that addresses the challenges of deep, directional or multi-well site drilling while improving the efficiency of operations for our customers."

This press release contains forward-looking statements within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934. These forward-looking statements relate to our building, delivery times and deployment of our new rigs and our stock repurchase program and are subject to a number of important factors, many of which are beyond our control that could cause actual results to differ materially. Some factors that could cause actual results to differ materially are changes in prices of and demand for our services, the price of our common stock, the cost and delivery dates for new rigs and other operating and economic considerations. Please refer to our 2006 Annual Report on Form 10-K filed with the Securities and Exchange Commission on February 27, 2007 for additional information concerning other risk factors that could cause actual results to differ materially from these forward-looking statements.

Grey Wolf, Inc., headquartered in Houston, Texas, is a leading provider of turnkey and contract oil and gas land drilling services in the best natural gas producing regions in the United States with a current total drilling rig fleet of 121, which will increase to 123 with the expected addition of two rigs next year.


Source: Grey Wolf, Inc.




http://biz.yahoo.com/prnews/070925/latu156.html?.v=17

[PENNYPRINCE 1]

Plan to get more tomorrow.

[captain america]

gw

http://www.fool.com/investing/general/2007/09/24/stocks-of-the-week.aspx

[PENNYPRINCE 1]

Added a bunch more 6.54 and 6.53

[PENNYPRINCE 1]

ty

[captain america]

my radar list for tomorrow is ahmiq,ongo,cypy (the short list)

im holding dpdw,onev,gw,nm

[PENNYPRINCE 1]

What else are you buying?

[PENNYPRINCE 1]

I am looking for a big week, good luck

[captain america]

yep on our way

[PENNYPRINCE 1]

Lets keep it going, loaded up and ready to play catch up

[captain america]

gw never disappoints ;)

[PENNYPRINCE 1]

Looks good and added more looks like we are about to take off.

[frenchee]

Note new iBox.

[PENNYPRINCE 1]

Back in GW here at 5.56

[Stock]

Keep an eye on GW this week and the rest of this quarter

[NewMoney]

I'm down a bit on this one but the fundamentals are there so I'm averaging down on it a bit tomorrow. Company is very profitable. Patience I guess.

[stockslacker]

GW's chart shaping up for a reversal.OT:i guess most traders at the nymex are waiting for the 50-52 bottom on crude to jump back in.Timing is everything .
glty