Oilfield services/equipment
Article Abstract:
Most of the companies which comprise the petroleum services industry do not expect drilling activity to increase in 1999, and this, along with merger activity, has made some of them more cautious in their spending. Many of the oil field service and equipment providers are also downsizing, as their profits are revenue-sensitive due to high fixed costs. Investors need to be selective in evaluating these stocks as long-term earnings prospects have been discounted for many by the stock price rebound in 1999.
Publication Name: The Value Line Investment Survey (Part 3 - Ratings & Reports)
Subject: Business, general
ISSN: 0042-2401
Year: 1999
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Oilfield services/equipment
Article Abstract:
Petroleum drilling activity in North America has stabilized in 1999 after major decreases in exploration and production budgets in the petroleum industry, but not all equipment capacity is being used. The oil field service and equipment industries have been cutting costs, but several financial issues remain to be undertaken in the production sector. These stocks are neutral in timeliness and investors need to be selection in their options.
Publication Name: The Value Line Investment Survey (Part 3 - Ratings & Reports)
Subject: Business, general
ISSN: 0042-2401
Year: 1999
User Contributions:
Comment about this article or add new information about this topic: