PTEN has a very good management team, which is oriented to share older value and is welll organized.It is constantly re-investing in its infrastructure and development of equipment. I thing the the rating that they receive from JPM is an improper rating, specially when the company has dedicated to buy back over 100 Millions $$$, which 2 millions has been purchase already. Some of those street analists are creating under-rating value so they can fill up their pockets by buying the stock cheap at the expenses of the long term investors. It is time that the SEC take a serious look at their manipulative fictious rating and impose some serious penalty to these companies when their rating is seriously erroneous for personal profits.
$11.85 (11/10/08)
