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Prices for guar, used by oilfield services companies (OIH) in fracking, have dropped ~30% YTD to...

Prices for guar, used by oilfield services companies (OIH) in fracking, have dropped ~30% YTD to ~$3/lb. and could fall as low as $1.50/lb. later this year, UBS says as it bumps EPS estimates by 4.5% for Halliburton (HAL), 2.5% for Baker Hughes (BHI) and 1.5% for Schlumberger (SLB). HAL gets the biggest bump because it's North America's leader in pressure pumping, which makes it the oil patch's most extensive guar user.
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Comments (1)
  • Eagle Equities
    , contributor
    Comment (1) | Send Message
     
    Very important for CHK also.
    20 Jun 2013, 03:13 PM Reply Like
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