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Raymond James also is busy today downgrading oil services stocks, forecasting the number of...

  • Monday, June 18, 2012, 3:56 PM ET
    Raymond James also is busy today downgrading oil services stocks, forecasting the number of active U.S. land-based rigs to fall by 500, or ~25%, by the end of 2013. The firm cut ratings for ESV, NE, NOV, PTEN, SPN, ORIG, HERO, KEG, GGS and BAS. (earlier)
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This news story has 8 comments:

  •  
    another timely call!!
    18 Jun 2012, 04:04 PM Reply Like
  •  
    Land rigs to fall by 500. Based upon what?
    18 Jun 2012, 09:16 PM Reply Like
  •  
    Anyone so clueless as to believe ESV is a land driller isn't worth listening to.
    19 Jun 2012, 03:49 PM Reply Like
  •  
    Romney 2012. Keg 2013
    21 Jun 2012, 11:52 AM Reply Like
  •  
    Wait for much better entry prices.
    27 Jun 2012, 10:31 PM Reply Like
  •  
    ORIG is a land-based oil service!? Who is this guy?

    If you have the time, please check my ORIG/SDRL article:

    http://seekingalpha.co...
    2 Jul 2012, 01:18 AM Reply Like
  •  
    ORIG does not have any land operations. They are entirely offshore based (Semi sub and drillships)
    10 Jul 2012, 02:44 PM Reply Like
  •  
    Yes, it's actually pretty pathetic that these guys are paid to be analysts.
    10 Jul 2012, 03:31 PM Reply Like
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