Oil Services Companies to Consider for Long-Term Investment

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 |  Includes: BHI, CAM, DO, DRQ, ESV, FTI, HAL, NE, NOV, OII, RIG, SBEAF, SLB
by: David Hunkar

After the BP Deepwater Horizon disaster, stocks of oil service companies that perform work in the Gulf of Mexico have fallen heavily. However, according to a Bloomberg BusinessWeek article these stocks offer opportunities for investors with a long-term view.

The following oil service companies are mentioned in the article:

  1. Cameron International (NYSE:CAM)
  2. Halliburton (NYSE:HAL)
  3. Transocean (NYSE:RIG)
  4. Diamond Offshore(NYSE:DO)
  5. Baker Hughes (NYSE:BHI)
  6. Noble Group (NYSE:NE)
  7. Ensco International (NYSE:ESV)
  8. National Oilwell Varco (NYSE:NOV)
  9. FMC Technologies (NYSE:FTI)
  10. Dril-Quip (NYSE:DRQ)
  11. Oceaneering International (NYSE:OII)
  12. Subsea 7 (SBEAF)

Founded in 1854, Subsea 7 is a Norwegian company with a:

focus on the growing high-tech and high-value deepwater subsea umbilical, riser and flowline markets in Africa, Asia Pacific, Brazil and the Gulf of Mexico, but also retains a leading role in the North Sea.

According to the 2009 rankings by PFC Energy, Schlumberger (NYSE:SLB) is the world’s top oil-service company. The list of the Top 15 Global Oil Services Firms can be found here. The Top 15 Global Drilling and Seismic Companies for 2009 can be found here.