Goldman Sachs resumes coverage of oil service stocks (OIH -2%) with an Attractive rating, noting that "U.S. land rig demand has just entered the second phase of a multi-year pickup." Helmerich & Payne (HP -1%) and Halliburton (HAL +0.8%), down 35% from its recent peak and priced near its historical cyclical-low multiples, are added to its Conviction Buy List.
Goldman Sachs resumes coverage of oil service stocks (OIH -2%) with an Attractive rating, noting...
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