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

|By:, SA News Editor

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.