Brian Powers

Canadian Oilfields Set for a Rebound - UBS

Shareholders who exercised their Precision rights received their shares today. At a price of $2.709 for the issued shares, there may be some profit taking near term. This could be a buying opportunity for long term shareholders.

Long PDS

Grey Wolf Shareholders Deserve Better Buyout Offer

You mention, "is six percent below the offered price." You should factor in the fact that PDS' dividend ex-date is this week. When accounted for, GW is not that much under the offer.