Oilfield services/equipment
Article Abstract:
Slightly increasing oil prices will aid the oilfield equipment and services industries, but land drilling will decrease with the 20% drop in natural gas prices in 1995 from 1994. Oil companies are also subcontracting out more often. Offshore drilling is improving due to a royalty relief bill, 600 undrilled leases located in the Gulf of Mexico, and technological innovations. Several stocks are attractive, even with uncertain prices and other risks.
Publication Name: The Value Line Investment Survey (Part 3 - Ratings & Reports)
Subject: Business, general
ISSN: 0042-2401
Year: 1995
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Oilfield services/equipment
Article Abstract:
Stocks in the oilfield services and equipment industries outperformed the market in 1995. Oilfield services companies are consolidating to absorb the overcapacity which has plagued the industry since 1983. Oilfield equipment will be in greater demand in the late 1990s, and technological innovations for equipment are becoming economically more important. Individual stocks must be researched, especially for safety, before investment.
Publication Name: The Value Line Investment Survey (Part 3 - Ratings & Reports)
Subject: Business, general
ISSN: 0042-2401
Year: 1996
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Oilfield services/equipment
Article Abstract:
The number of offshore drilling rigs has decreased to about 575 in 1996 due to lower daily rental rates. Increased drilling activity for petroleum and natural gas in 1996, however, is giving suppliers and offshore drillers greater earnings prospects for the next three to five years. Coiled tubing and 3D seismic are among technologies that are becoming important, also. Investors for the long term will find several good stocks here.
Publication Name: The Value Line Investment Survey (Part 3 - Ratings & Reports)
Subject: Business, general
ISSN: 0042-2401
Year: 1996
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