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Message Boards Settings Patterson-UTI Energy, Inc (PTEN) - Quote Info
Re: Gotta like it!     29-Oct-09 12:10 pm    
Sailing: I was surprised that the wording of their press release was so positive, and that's probably why the stock popped. I was simply humored that I happened to put in some limit sell orders (almost as an afterthought before leaving the office yesterday) that I didn't think would get executed for some time only to find that one of them executed immediately and then fell back giving me a chance to play another oscillation much sooner than I expected. I suspect that the price will level off somewhere in the range of $17, but with this kind of volume we may get several more intermediate swings before that happens. In general, my long position has been well-rewarded and continues to yield high percentage gains. The big question is where will we be one year from now, or beyond? From reading all of the news I can't get any clear sense of where we're going. It looks to me as if PTEN's future stock price is almost totally dependent on the price of oil because the NG overhang will take years to work off. What do you think and how are you playing this thing?
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bob0472

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Tennessee


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Wow, today proved once again the value of setting futur...
bob0472 Rate it 29-Oct-09 10:32 am  
 
Are you listening to the conference call right now...
sailingaway... Rate it 29-Oct-09 10:40 am  
 
I am. Management is very VAGUE when it com...
hitechster2... Rate it 29-Oct-09 11:23 am  
 
Re: Gotta like it!
bob0472 Not rated 29-Oct-09 12:10 pm  
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Patterson-UTI Energy Inc. (PTEN)

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At 3:05PM ET: 15.53 Down 0.14 (0.89%)
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