Post by
oldrancher on Dec 28, 2007 2:22pm
careful, boys
Mammoth is run by a small town accountant, not an oil man. Also, he just recently filed papers to get some sort of mursing/care facility going in florida. Hmmmmmmm (does not sound like oil and gas drilling to me).
There have been maybe a thousand companies (including service rigs & well-stimulation companies) that have worked in Oklahoma since the area was first settled; the "easy" oil and gas is all gone.
The gas industry in north america has been slumping for 6 months, lots of supply and little demand; natural gas drilling doing poorly in canada, 14,000 workers being laid off there.
So, can a hopeful guy who is a small-town accountant become a successful driller in good old Oklahoma? Rest assured i am not a shorter; don't own the stock, not intending to either; but best wishes all the same. The lowest it can go is its yearly low. We will see. Hold on to your underwear. DYODD