As an industry, the oil field services sector is doing very well. Its P/E ratio for the trailing twelve months is 36 and its price/book ratio is 6.0. With a few exceptions,…
After posting a three-month low last month, WTI crude oil prices have been making a comeback as the agreement on Greek debt appears to be set, which has put some strength back…
Oil field services firm Halliburton Co. (NYSE: HAL) reported EPS of $0.61 for its first quarter, more than double its profit in the same period a year ago. Revenue reached $5.3 billion,…
The Department of Energy is out with its weekly inventories data. There appears to be some seasonality and weather issues, and it will be interesting to see these figures next week when…
Baker Hughes Incorporated (NYSE: BHI) has just released its weekly rig count, and the rig count is back up. In the rig count data for services business there is the Oil Services…
With crude oil prices hovering around $90/barrel, exploration and production companies are expected to increase their spending in 2011 by about 11%, for a total of about $490 billion. Oil field services…
The Department of Energy issued yet another large drop in crude oil inventories in the U.S. for the latest week. We are watching the key ETFs of Oil Services HOLDRs (NYSE: OIH)…
The Department of Energy has just released what may seem like a shocking drop in its weekly report on oil inventories. This morning’s data has a potential impact on the key ETFs…
Goldman Sachs periodically updates its outlook on sectors and the economy with a one to two-year horizon. Yesterday’s upgrade of economic output in 2011 is accompanied by some interesting aspects for commodities…
Quantitative easing is forcing investors into riskier assets as Ben Bernanke and the FOMC attempt to manufacture some inflation and after the US Dollar weakness. We are seeing big moves in gold…
We are continuing to see a mixed picture in oil and byproduct inventory levels in the United States. Some is seasonal, and some may be due to outside demand issues. This morning’s…
Schlumberger N.V. (NYSE:SLB) reported third quarter earnings this morning and the short story is there were no surprises. Like competitors Halliburton Co. (NYSE:HAL) and Weatherford International Ltd. (NYSE:WFT), onshore drilling for shale…
Predicting oil prices a month from now is a risky business. Predicting oil prices a year from now is close to madness. Perhaps it is fairer to say that believing a prediction…
Now that oil has bested the $82.00 per barrel mark and rallied about 15% in six weeks, investors are trying to figure out what is next. We are tracking the the United…
The Department of Energy released its weekly Crude Oil and energy inventories this morning. Despite some supply issues being obvious, there has been no help as investors are looking to lower-risk assets…
