- UBS says the tone was positive at its recent energy conference in Texas, with further data points supporting a strong outlook for the North American land market, and recommends sticking with its top oil service names.
- UBS believes Baker Hughes' (BHI) margin gains in North America will be driven by continued margin improvement in pressure pumping, new technologies, increased activity in U.S. land and higher Gulf of Mexico activity.
- FMC Technologies (NYSE:FTI) is a top equipment stock to buy at UBS, where analysts believe subsea equipment is one of the few service areas that will see secular growth in 2014 and beyond.
- Also recommended: FI, SLB, HAL, WFT.