Seeking Alpha

Patterson-UTI earns Strong Buy as ISI turns bullish on oil services

ISI Group turns bullish on the U.S. land rig and oil services sector after two years at neutral, as "E&P capex budgets finally appear poised for meaningful increases in 2014 driven by higher WTI prices, solid domestic production growth, and continued success in select basins." (

The firm's top picks are Patterson-UTI Energy (PTEN), upgraded to Strong Buy, and Buy-rated Nabors Industries (NBR), Key Energy (KEG), and Helmerich & Payne (HP).

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Comments (1)
  • unclemike7849
    , contributor
    Comments (311) | Send Message
    Where has ISI Group been for the last 7 years??
    What they say is happening now has been happening since 2007.
    I will make a mental note not to read much into their future ratings.
    9 Nov 2013, 09:18 AM Reply Like
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