Utilize Opportunities with Oil Service Stocks
We are big fans of oil service stocks, and wanted to give you an update on some new promising oil-field service stocks that are popping up in the market. There are a couple different choices when it comes to service stocks, choose which is best for you. Abantika Chatterjee has some suggestions for investors, check them out.
Completion and production
The completion and production services market, with respect to unconventional energy resources, is also expected to provide strong prospects for oil-field services companies. The sector, which contributes around 70% to the total oil-field services industry, requires huge infrastructure. This is where biggies such as Schlumberger (NYSE: SLB ) and CGG Veritas (NYSE: CGV ) come into play. Most of the demand is expected from international markets. For instance, countries such as Poland, which lack infrastructure, present huge opportunities for oil-field services providers.
Growth is also anticipated in environmental services. North America requires 14 million barrels of water per day (BWPD) to improve well productivity in unconventional gas stimulation. Increased demand for unconventional gas will create increased opportunities for companies operating in the sector, such as Halliburton (NYSE: HAL ) , Newpark Resources (NYSE:NR ) , Weatherford (NYSE: WFT ) , and Baker Hughes (NYSE: BHI ) .
Hopefully, you like the looks of some of these stocks. There are some good choices here that are worth considering. Dig a little deeper and you may find something that fits into your portfolio perfectly.
Quotes taken from report by Abantika Chatterjee, Read the entire article here.
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