dogquote29

What's Driving Precision Drilling Trust Into the Ground?

The key question here is why didn't you buy Grey Wolf stock? Since i was already under water on PDS I purchased enough GW stock on Dec 4 & 5 so that when the deal closed not only would I own all of my new and old shares of PDS at an average cost of $3.28 but I could anticipate a 17% plus annual dividend based on that new cost. However, when PDS on Dec 11th said it would most likely cut or temporarily suspend its dividend in 2009 I hit the doors and sold both PDS and GW. Who wants to go forward with that type of uncertainty. Luckily the increase in the value of GW gave me a nice profit overall on this quick turn around. The question still remains "why wouldn't you buy GW if you wanty to own PDS?"


On Dec 19 01:40 PM notsosmart wrote:

> another self serving article.too many on this site.i own this stock.