• 6 minutes Saudis Threaten Retaliation If Sanctions are Imposed
  • 11 minutes Can the World Survive without Saudi Oil?
  • 15 minutes Saudis Pull Hyperloop Funding As Branson Temporarily Cuts Ties With The Kingdom
  • 2 hours WTI @ $75.75, headed for $64 - 67
  • 7 hours Saudi-Kuwaiti Talks on Shared Oil Stall Over Chevron
  • 47 mins The Dirt on Clean Electric Cars
  • 11 hours OPEC's No. 2 Producer Wants to Know How Buyers Use Its Oil
  • 5 hours Closing the circle around Saudi Arabia: Where did Khashoggi disappear?
  • 13 hours Iranian Sanctions - What Are The Facts?
  • 41 mins U.N. About Climate Change: World Must Take 'Unprecedented' Steps To Avert Worst Effects
  • 7 hours UN Report Suggests USD $240 Per Gallon Gasoline Tax to Fight Global Warming
  • 6 hours EU to Splash Billions on Battery Factories
  • 4 hours COLORADO FOCUS: Stocks to Watch Prior to Midterms
  • 14 hours U.S. - Saudi Arabia: President Trump Says Saudi Arabia's King Wouldn't Survive "Two Weeks" Without U.S. Backing
  • 14 hours Superhumans
  • 10 hours Who's Ready For The Next Contest?
Alt Text

Venezuela Has Officially Launched Its Oil-Backed Cryptocurrency

Venezuela has officially launched its…

Alt Text

Oil’s $133 Billion Black Market

With oil prices back on…

Dan Dicker

Dan Dicker

Dan Dicker is a 25 year veteran of the New York Mercantile Exchange where he traded crude oil, natural gas, unleaded gasoline and heating oil…

More Info

Trending Discussions

Are Oilfield Services A Buy?

Bakken

This has got to be my favorite part, where the pundits, bank analysts and columnists start to (quietly) revise their views on the oil markets.

One after one, they’re losing their pessimistic views on oil and realizing what we’ve known for the last year: Oil is at the beginnings of another real price boom. Some are even mentioning (heavens!) $100 oil.

So, the analysts are finally catching up. What does that mean for us?

As an investor, if you’re going to take the best advantage of this rally and coming boom, the point is you need to get smarter as the analysts catch up with you. We’ve made solid gains concentrating on U.S. independent E+P’s – names like Hess (HES), SM Energy (SM) and Centennial Resources (CDEV). Now, we’ve got to race further ahead, concentrating on secondary names that the analysts will again be slow in figuring out. Every time we stay ahead of the other guys, we’ll be first at the table as the meal is just served, and not coming late, picking over the leftovers.

That’s why I’m getting excited about lagging oil services companies. They’ve had perhaps an even more difficult time in the last four years, not only losing work in the field but being forced to slash their prices across the board. Consequently, oil services stocks have, if anything, even worse looking profiles (and charts) than most of their E+P company clients. But there are indications that they are about…

To read the full article

Please sign up and become a premium OilPrice.com member to gain access to read the full article.

RegisterLogin

Trending Discussions





Oilprice - The No. 1 Source for Oil & Energy News