Jefferies believes recent announcements from oil and gas companies support its estimate that...

|By:, SA News Editor

Jefferies believes recent announcements from oil and gas companies support its estimate that capital spending for oil and gas will increase 3%-5% in 2013, with positive implications for THR, FLS, PNR, AIMC, AME, TRS and IEX, but short-term sales pressure on HEK's water services sales, NWPX's tubular segment and EDG's OCTG business.