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  • Drawdowns Support the Oil Rally [View article]
    The answer to the question as to where all the excess inventory came from....remember several months ago when the oil prices were going through the roof and everybody that could drill a well did. Well that is where the excess inventory came from. So demand dropped and supply rose. Enough said. So what do you think will happen in another 6 months or so when supplies are down and demand is back up. Better pad your wallet.
    May 29 12:27 pm |Rating: 0 0 |Link to Comment
  • Oil Service Stocks: A Deep Sea Play Whose Time May Have Come [View article]
    You are correct in your note that SLB is not a deep sea contractor. However, SLB provides a lot of geo-steering for each of these drilling companies you mentioned. In fact SLB had owned RIG before it decided to get out of the drilling contract business. If offshore drilling picks up you can be sure SLB will have a hand most of it. They have the expert knowledge of how to drill for a reservoir target.
    Mar 04 15:08 pm |Rating: 0 0 |Link to Comment
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