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As natural gas prices tumble another 5% and North American oil service spending slips to its...

As natural gas prices tumble another 5% and North American oil service spending slips to its lowest level in six quarters, J.P. Morgan's David Anderson predicts "heightening risk and few catalysts" for the service market until late summer. He sees a return to balance by late 2012; meanwhile, he likes NOV, DRC, FTI and FET due to their role in providing capital equipment instead of drilling.
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Comments (1)
  • Stone Fox Capital
    , contributor
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    Spending at the lowest level in 6 quarters. How is that possible? Or was he just talking about nat gas spending? Firms can't spend fast enough on oil.
    7 Jun 2012, 06:03 PM Reply Like
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