PCT Ltd (PCTL)

[Lionelthelunatic]

I agree on the disaster. I was in the Austin Chalk Field when in the late 80's oil hit $10.00 a barrel. Governor Connally here in Texas filed for bankruptcy. I remember running pipe in the well and the company man drove up, told us to rig down and shut the gate. I also saw drilling rigs being cut up for scrap metal, they were worth more by the pound. Bringing the oil industry back will be tough. A lot of the support companies will have gone out of business. I am so glad that PCTL is so diversified in what they do.