Fusion Research
Research analyst, oil & gas, tech, mid-cap

Unit Corporation: On The Growth Ride

The U.S. oil and gas industry underperformed in the past two years. But now oil and gas companies are forced to increase their production rate based on the rising demand. Let's take crude oil for instance, the production for crude oil is expected to hit 7.8 million barrels per day by next year. This is a massive 56% rise from the lowest 5 million barrels per day in 2008. This rise is benefiting drilling and exploration companies including Unit (UNT), which is experiencing an increase in its operational activities. It is engaged in contract drilling and exploration of oil and natural gas and also offers midstream services in the U.S. It also offers a wide range of services...

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