Nymex crude oil futures drop 1.9% to end at $104.70/barrel, lowest since mid February, rattled by concerns about the ripple effect of a potential disorderly default by Greece as well as China's lower growth outlook. Shares of the big oilfield services firms - SLB -3.1%, HAL -3.2%, BHI -2.4%, WFT -4.1%, NOV -3.5% - are pushed well below their target prices. [View news story]
Quicksilver Resources (KWK +0.1%) marks time in a down tape after being upgraded to Add from Neutral at Capital One, citing a favorable risk/reward for the stock. [View news story]
KWK has too high a nat gas weighting, in our view.
Nymex crude oil futures drop 1.9% to end at $104.70/barrel, lowest since mid February, rattled by concerns about the ripple effect of a potential disorderly default by Greece as well as China's lower growth outlook. Shares of the big oilfield services firms - SLB -3.1%, HAL -3.2%, BHI -2.4%, WFT -4.1%, NOV -3.5% - are pushed well below their target prices. [View news story]
http://bit.ly/xO7Mym
Plains All American: A Great High Yield Play For Long-Term Investors [View article]
The Energy Bull Still Lives [View article]
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Quicksilver Resources (KWK +0.1%) marks time in a down tape after being upgraded to Add from Neutral at Capital One, citing a favorable risk/reward for the stock. [View news story]