JBL: Drilling for Dollars

Stock quotes in this article: GSF , ESV , RIG , APC , PTEN , BRNC , BP , APA  

I believe this bodes well for natural gas stocks, like Anadarko Petroleum (APC Quote) and Apache (APA Quote), and for land drillers as well.

I profiled Patterson UTI and Bronco Drilling (BRNC Quote) in late February, and I have taken a bath on both of these land drillers. However, their utilization rates remain high, and they will continue to remain high due to natural gas prices. I still own and continue to recommend these stocks.

Remember, being poor is bad, staying that way is stupid.

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As originally published, this story contained an error. Please see Corrections and Clarifications.

At the time of publication Layfield was long Patterson UTI, Anadarko and Bronco Drilling, although holdings can change at any time. A former All-American offensive lineman at Abilene Christian University, John Layfield played professional football for the then-Los Angeles Raiders and later in the World League. After wrestling in Japan, Mexico and Europe, Layfield arrived in the WWE in the mid-1990's. A former WWE champion, JBL was a featured wrester at WrestleMania 21 and can also be seen on Friday Night SmackDown! on UPN. Outside of the ring, JBL is a self-taught investor who was recruited to write a personal finance book, Have More Money Now, which was released in the summer of 2003. He has appeared on finance shows on CNN and Fox News Network. He is co-chairman of the Smackdown Your Vote! Campaign and he has joined both the USO and Armed Forces Entertainment (AFE) for tours through Iraq, Afghanistan and other Middle East countries. He regularly visits the Walter Reed Army Medical Center and the Bethesda naval hospital to meet with wounded troops.





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