Oil Service Stocks Solid Prospects Ahead
Some of the oil service stocks predicted to pop in the last week or so, didn’t quite hold up to their expectations. However, there were a few that maintained their strength. James Hartje believes these few stocks will continue to hold strong.
EXXI Currently: $27.48 Originally: $22.89 Total Yield: +20.5%
(EXXI was trading at $20.50 October 4, a low point for the stock but since then has soared 35%)
IOC Currently: $47.30 Originally: $52.16 Total Yield: -10%
(IOC was trading at $34 on October 4th a low point for the stock but since then has soared 40%)
CPX Currently: $30.56 Originally: $22.74 Total Yield: +35%
(CPX was trading at $17 October 4, a low point for the stock but since then has soared 80%)
HAL Currently: $33.95 Originally: $40 Total Yield: -15%
(HAL was trading at $28 October 4, a low point for the stock but since then has soared 22%)
SLB Currently: $67.90 Originally: $70.50 Total Yield: -4%
(SLB was trading at $57 October 4, a low point for the stock but since then has soared 25%)
There are a number of service stocks within this list that we really like too. Some are even on our 2011 oil service stocks list. Hopefully these will be stronger picks than the last, as always, due diligence is crucial.
Quotes taken from report by James Hartje, Read the entire article here.
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