3 Energy Companies Playing the Fracking Boom Well
Fracking has seen a major pick up in the past year or two. The companies that have adapted and taken fracking in with open arms have developed great understanding on how to play it appropriately. If fracking keeps up its strong pull, these companies could be great hold stocks. Let’s look at some research from Bret Jensen.
Baker Hughes (BHI) – “Baker Hughes Incorporated supplies wellbore related products, and technology services and systems for drilling, formation evaluation, completion and production, and reservoir technology and consulting to the oil and natural gas industry worldwide. It also provides products and services to the downstream refining, and process and pipeline industries”. (Yahoo Finance)
Halliburton (HAL) – “Halliburton Company provides various products and services to the energy industry for the exploration, development, and production of oil and natural gas worldwide. It operates in two segments, Completion and Production, and Drilling and Evaluation”. (Yahoo Finance)
Schlumberger (SLB) – “Schlumberger Limited, together with its subsidiaries, supplies technology, integrated project management, and information solutions to the oil and gas exploration and production industries worldwide”. (Yahoo Finance)
There are three great oil service stocks in there that we have been watching closely for the last year, and are still optimistic about. Keep up on your fracking current events, and the status of these stocks, and you could potentially have some awesome stocks on your hands!
Quotes taken from report by Bret Jensen, Read the entire article here.
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