Grey Wolf (GW) is Sent to the Doghouse

Ockham Research Staff @ December 23, 2008 # No Comment Yet


This is a sad development for Grey Wolf as it breathes its last breath as an independent company in the coming days. It had a great opportunity on a shareholder value basis to make it through this painful downturn or to seek a better offer. At this point, however, it appears that it is all over.

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Grey Wolf Shareholders Should Hold Out for Better Offer!

Ockham Research Staff @ August 25, 2008 # One Comment


Grey Wolf has been offered about $2 billion to merge with PDS but considering GW rejected a richer bid not long ago, we think this is unlikely to be approved. We agree with the shareholders that this undervalues the company and we recommend holding out for a better offer.

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