Erdölservice Grey Wolf ein Turnaroundkandidat - 500 Beiträge pro Seite

[Aomi]

Grey Wolf mit Turnaround-Phantasie
Jetzt möche ich Euch mal eine etwas andere Firma vorstellen,eine Erdölservicefirma,
am 12.Februar kommt der Quartalsbericht um 10Uhr a.m.
der letzte Quartalsbericht zeigte deutlich gestiegene Bohrergebnise,erhöhte Anzahl der Bohrlöcher,
erheblich gesteigerte Einnahmen und deutlich reduzierten Verlust.In diesem Quartal ist mit einem positiven Ergebnis zu rechnen.Hier der letzte Quartalsbericht v. 9.11.2000:
http://biz.yahoo.com/e/001109/gw.html

Grey Wolf, Inc. is a provider of contract land drilling services to the oil and gas industry. For the ninemonths ended 9/30/00, revenues increased 96% to $187M. Net loss before extraordinary item decreased 59% to $13.5M. Revenues reflect an increase in revenue from domestic operations due to an increase in rig days worked and higher average revenue per day. Loss was partially offset by an increase in drilling operating expenses. http://www.greywolfdrilling.com
Grey Wolf, Inc., headquartered in Houston, Texas, is a leading provider of contract oil and gas land drilling services in the Ark-La-Tex, Gulf Coast, Mississippi/Alabama, South Texas, and Rocky Mountain regions with a total domestic drilling rig fleet of 120.

Da Grey Wolf letztes Jahr Kredite erhalten hat, wird die Zinsbelastung mit fallenden Zinsen zurückgehen
Dain Rauscher Wessels hat am 25.1. eine neue Studie zu Grey Wolf (GW am AMEX) herausgebracht,die man bei www.quicken.com unter research findet zu 10$,Deutsche Bank Alec Brown empfiehlt die Aktie zum Kauf,Ing Baring bewertet sie mit Strong Buy.Lehmann Brothers hat sie auch zum Kauf empfohlen.
In einer Studie zu den Ertragsaussichten der Erdölbranche kommt Smith Barney zu dem Schluss ,dass die Service Companies erheblich von den Ausgaben der Erdölfirma profitieren werden,es wird für 2001 ein Anstieg der Ausgaben von 20 Milliarden Dollar,d.h. 20% prophezeit nach nur 8% im Jahr 2000.
Marshall Adkins at Raymond James and Associates Inc. in Houston zählen zu ihren Favoriten die nordamerikanischen Driller und Firmen ,die die Technik für die Bohrlöcher liefern
Der Chart zeigt schon ein erhöhtes RSI aber sehr positiven MACD,die Aktie dürfte vermutlich nach dem Quartalsbericht wieder konsolidieren,der Markt in Berlin zeigt nur wenig Verkäufe WKN 866164 unbedingt limitieren,wer kann sollte sie in USA kaufen.
<img src="http://iqc.go2net.com/magic/chart?cs=0&i3=6&i2=3&i1=2&i0=1&t…

[Aomi]

Weitere Konzentrationen im Erdölbereich?,Grey Wolf mit 129 Rigs der drittgrösste in USA http://www.thestreet.com/comment/christopheredmonds/1292347.…
In a deal overshadowed by Monday`s merger between Phillips Petroleum (P:NYSE - news) and Tosco (TOS:NYSE - news), Patterson Energy (PTEN:Nasdaq - news) and UTI Energy (UTI:Amex - news) agreed to a stock-swap merger valued at just over $1.3 billion. Shareholders of UTI will receive one share of Patterson common stock for each share of UTI.

The combination creates the second-largest land drilling company in the U.S. with 280 rigs.

The largest driller, Nabors Industries, (NBR:Amex - news), currently runs 373 rigs and its next-largest competitor was Grey Wolf (GW:Amex - news) with 120 rigs in operation. According to Reed Rig Consensus, 1,384 land rigs are available in the U.S.,
Not unlike the Phillips-Tosco deal, it is possible the Patterson-UTI merger provides a glimpse of things to come. While recent acquisitions have seen the major players -- Nabors, Patterson, UTI and Grey Wolf -- acquiring smaller, mom-and-pop rig operators, additional combinations between larger, public companies are possible.

http://www.siliconinvestor.com/live/index.gsp?s=GW&id=124198… hier ein Audio zu Rigs on the Rise

[Aomi]

Jahresbericht Grey Wolf v. 12.2. Grey Wolf, Inc. Announces Operating Results for the Quarter and Year Ended December 31, 2000

February 12, 2001
HOUSTON, Feb 12, 2001 /PRNewswire via COMTEX/ -- Grey Wolf, Inc. (Amex: GW) ("Grey Wolf" or the "Company") reported net income of $5.0 million, or $0.03 per share on a diluted basis, for the three months ended December 31, 2000, compared to a net loss of $8.1 million, or $0.05 per share on a diluted basis, for the fourth quarter of 1999. Revenues for the fourth quarter of 2000 were $82.3 million compared to revenues of $51.8 million for the same period a year ago. For the year ended December 31, 2000, the Company reported a net loss of $8.5 million, or $0.05 per share on a diluted basis, compared with a net loss of $41.3 million, or $0.25 per share on a diluted basis, for the year ended December 31, 1999.
Demand for the Company`s land drilling services increased 41% for the fourth quarter of 2000 over the same period a year ago with an average of 83 rigs working compared to an average of 59 rigs working during the fourth quarter of 1999. The Company`s rig fleet operated a total of 7,665 days versus 5,417 days for the fourth quarter of 1999. Average daywork revenue per day increased by 40%, to $9,900 for the last quarter in 2000 from $7,076 for the corresponding quarter of 1999.
Earnings before interest, taxes, depreciation and amortization ("EBITDA") for the fourth quarter of 2000 were up $11.3 million to $22.9 million from EBITDA of $11.6 million for the third quarter of 2000. The quarter-to-quarter improvement is due to an increase in the total number of days worked of 2,248 and an increase in the operating margin of $2,303 per day to an operating margin of $3,285 per day.
Tom Richards, Chairman, President and Chief Executive Officer said, "We`re very pleased that Grey Wolf returned to profitability in the fourth quarter as market conditions continued to improve. We experienced higher daily margins reflecting the benefit of a premium rig fleet with a deep-drilling bias. Current bid rates are between $11,500 and $14,500 per day, without fuel or a top drive. These rates will be realized in our financial results during the third quarter of this year. Grey Wolf continues to actively pursue term contracts on its inventory rigs. We are offering these rigs to our customers at dayrates whereby the Company recovers the incremental capital expenditures during the term of the contract and earns a high rate of return on capital employed. We have signed 13 term contracts ranging in length from six months to two years."
Mr. Richards continued, "The Company`s focus will be to generate higher earnings and cash flow to improve liquidity and the Company`s net debt position. We will add capacity to the market when it fits our financial objectives and we will continue to emphasize our strategy of increasing revenue at the well site through our turnkey and trucking services as well as the use of top drives. By adhering to these strategies, we believe we can deliver the highest return to our shareholders."
Based on current levels of activity and dayrates, the Company expects to generate a margin of approximately $3,780 per day for the first quarter of 2001. This margin level should generate EBITDA of approximately $27.5 million and the resultant net income per share is expected to be $0.04 on a diluted basis, assuming an effective tax rate of between 39% and 42%. The Company expects depreciation expense of $10.0 million in the first quarter of 2001.
The 13 term contracts the Company has entered into are expected to generate total revenue of $72.0 million and an average daily operating margin of approximately $6,000. The $72.0 million of revenue is expected to be earned as follows: $3.2 million in 2000, $35.6 million in 2001, $25.1 million in 2002 and $8.1 million in 2003.
The Company currently has 90 marketed rigs. Work is underway to reactivate four rigs, increasing the number of marketed rigs to 94 during the second quarter of 2001. Capital expenditures for the fourth quarter of 2000 were $20.9 million and totaled $40.6 for all of 2000. Capital expenditures for 2001, including the cost of four top drives, maintenance capital, replacement drill pipe, large hauling trucks and other equipment and upgrades, are projected to be between $30.0 million to $35.0 million. The Company also will expend capital on the inventory rigs that it reactivates. The Company currently anticipates reactivating between eight and twelve rigs in 2001. The capital cost to the Company will be dependent upon customer demand and the ultimate number of rigs reactivated. Each of the Company`s inventory rigs can be brought into service for a capital investment of between $1.5 million and $4.5 million, including tubulars, depending upon upgrades and customer requirements.

[Quadian]

Heute werden Quartalszahlen veröffentlicht.

Bin mal gespannt wie die aussehen.

[Quadian]

Grey Wolf, Inc. Announces Operating Results for the Quarter Ended September 30, 2001
HOUSTON, Oct. 25 /PRNewswire/ -- Grey Wolf, Inc. (Amex: GW - news; ``Grey Wolf`` or the ``Company``), reported net income of $25.4 million, or $0.14 per share on a diluted basis, for the three months ended September 30, 2001, compared with a net loss of $2.3 million, or $0.01 per share on a diluted basis, for the third quarter of 2000. Revenues for the third quarter of 2001 were $125.1 million compared with revenues for the third quarter of 2000 of $73.4 million. For the nine months ended September 30, 2001, the Company reported net income of $59.5 million, or $0.33 per share on a diluted basis, compared with a net loss of $13.5 million, or $0.08 per share on a diluted basis, for the first nine months of 2000.

Tom Richards, Chairman, President and Chief Executive Officer said, ``This is by far the best quarter in the history of the Company. Our balance sheet is stronger than ever, and we are very pleased with the outstanding results. Nevertheless, there is a great deal of uncertainty in the market, especially following the attacks of September 11, 2001. The full effect of the attacks on the U.S. and world economies is not yet known, and demand for services in our industry has fallen sharply. I can say, however, that Grey Wolf is better positioned to weather a downturn than ever before with $83.0 million in cash today, and our $50.0 million line of credit completely available. At September 30, 2001, the Company had $122.9 million in working capital, which included $77.4 million in cash.``

Mr. Richards continued, ``In addition to the strength of our balance sheet we have the strength of a contractually committed revenue stream from our term contracts and the strength of our turnkey operations. We believe that our current term contracts and the continued emphasis on our turnkey operations will mitigate a portion of the financial risk associated with a down market. We have continued through cyclical peaks and troughs to offer our turnkey expertise to our customers proving that our turnkey operations provide higher returns than daywork at both ends of the cycle. We expect to enter 2002 with 22 rigs working under term contracts with average daily operating margins in excess of $7,000.``

Grey Wolf has a total of 24 term contracts which range in length from one to two years. Twenty-two rigs are currently working under term contracts, and the Company has approximately 6,150 days contracted in 2002 and 1,500 days in 2003. Inventory as well as currently marketed rigs were offered under term contracts during the past 18 months to our customers at dayrates whereby the Company recovers the incremental capital expenditures during the term of the contract and earns an acceptable rate of return on capital employed.

Capital expenditures for the first nine months of 2001 were $72.9 million. In addition to ongoing capital maintenance expenditures, this includes $35.3 million for rig upgrades and reactivation, $14.6 million for drill pipe and collars and $5.5 million for the purchase of four top drives. Capital expenditures for the remainder of 2001 are projected to be between $27.0 million and $28.0 million. This includes approximately $18.2 million for the upgrade and reactivation of drilling rigs from inventory that have gone or will go to work under term contracts.

The Company`s operating margin for the third quarter of 2001 was $6,971 per day, up $612 per day or 10% from the second quarter 2001 operating margin of $6,359 per day. During the third quarter of 2001, the Company`s rig fleet operated an average of 91 rigs working, down from 92 rigs in the second quarter of 2001. Total operating days for the third quarter of 2001 were 8,389 compared to 8,336 for the second quarter of 2001.

Earnings before interest, taxes, depreciation and amortization (``EBITDA``) for the third quarter of 2001 were up $5.2 million to $55.9 million from EBITDA of $50.7 million for the second quarter of 2001. Third quarter 2001 EBITDA was $44.3 million greater than the $11.6 million in EBITDA reported for the third quarter of 2000.

Leading edge daywork bid rates have declined to between $10,000 to $13,000 per day without fuel or top drives. The Company has 81 rigs working today. Based on currently anticipated levels of activity and dayrates, the Company expects to generate an operating margin of approximately $5,100 per day for the fourth quarter of 2001. This operating margin level should generate EBITDA of approximately $32.0 million. The resultant net income per share is expected to be approximately $.05 on a diluted basis, assuming an effective tax rate of between 37% and 39%. The Company expects depreciation expense of approximately $10.6 million in the fourth quarter of 2001.

Grey Wolf has scheduled a conference call today at 9:00 a.m. (CDT) to discuss third quarter results. The call will be webcast live on the internet through the Investor Relations page on our website at:

http://www.gwdrilling.com

To participate by telephone, call [phone] ten to fifteen minutes prior to the starting time. The reservation number is 19747169. A replay of the conference call will be available by telephone from 11:00 a.m. CDT on October 25, 2001 until 5:00 p.m. CDT on October 29, 2001, and on our website through November 2, 2001. The telephone number for the replay of the call is [phone] and the access code is 19747169.

This press release contains forward-looking statements within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934. The specific forward-looking statements cover our expectations and projections regarding demand, fourth quarter 2001 rig activity and financial results, reactivation of inventory rigs, projected daily margins, depreciation and capital expenditures in 2001. These forward-looking statements are subject to a number of important factors, many of which are beyond our control, that could cause actual results to differ materially, including oil and gas prices and trends in those prices, the pricing and other competitive policies of our competitors, uninsured or under-insured casualty losses, unexpected costs under turnkey drilling contracts, weather conditions, and the overall level of drilling activity in our market areas. Please refer to our Annual Report on Form 10-K for the year ended December 31, 2000, for additional information concerning risk factors that could cause actual results to differ materially from these forward-looking statements.

Grey Wolf, Inc., headquartered in Houston, Texas, is a leading provider of contract oil and gas land drilling services in the Ark-La-Tex, Gulf Coast, Mississippi/Alabama, South Texas, West Texas and Rocky Mountain regions with a total drilling rig fleet of 120.