I've been reading the "press releases" and their website and even pulled down their financial statements. Not to disparage anyone personally, but the hype doesn't seem to be justified by what I can drive over and look at. I live in Farmington, where WW Trucking is. Here are some pics of their yard I just ran out and took.
http://s232.photobucket.com/albums/ee290/sjbasin/
If I were an investor as opposed to a pumper, I'd want to know why all the rolling stock was in the yard and all the overhead doors are closed. Doesn't look too busy, considering we're experiencing the best drilling climate we've had around here for decades. The oilpatch is a 24/7 operation when oil is bringing over $80/bbl., Sunday afternoon notwithstanding.
The silly PR about them buying a new rig-up truck indicates that the person writing same knows nothing about the patch, or that the pumpers are so desperate for some nugget that it got published and passed around anyway. Buying a rig-up truck is about as significant as a bean farmer buying a shovel. Hardly the stuff of public announcements.
As for these other nebulous "investments" and proprietary gizmos they report, such as oil wells, one has to wonder about the mention of regulatory and licencing delays. No one else here in the Basin seems to be having a problem drilling record numbers of new wells.
As for Olin's health, word is he's still sick. I suppose if one really wanted to know they could just call and ask him how he's doing. The phone number is on the sign in one of the photos.
Having said all that, it doesn't mean that this stock won't go up and down like a yo-yo. As H.L. Mencken said, "No one in this world has ever lost money by underestimating the intelligence of the great masses of the plain people."