GREY:CDLRF - Post by User
Comment by
Yemenon Dec 10, 2010 6:51pm
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Post# 17832094
RE: THANKYOU
RE: THANKYOUStock split is usually not in the cards for Elson's Companies. He usually starts with 2 or 3 rigs, gradually builds it up over the next 3 or 4 yearfs to 20 to as many a 40 rigs, then when the big guys see how much money his companies are making and the fact that they are so busy compared with the rest of the industry, that commands a premium. That plus all the rigs are built to Elson's specs learned by listenint to the industry to hires his rigs, all that careful listening goes into the rig design. that design helps oil companies drill more efficiently and in less time, less moving time, less down time, measurably more economical to drill with McDougall companies.
Elson has this formula down to a science.
He has perfected it over many years, most recently with Tetonka which was taken out by Savana a few years ago.
I believe that we are about 2-3 years away from that tippiing point if things go as they have in the past.
His track record is so respected that many old hands in the industry scoop his shares and don't sell until they get bought out 4-5 years from inception. Of course there is a 5-10 bagger involved inbetween. So people just buy the shares, salt them away and wait. Why is there no stock available?
Easy, no one wants to sell, not even on a double.
Nice reputation to have.