1. Oilfiled services/equipment
- Author
-
Feenan, Gerard, Mitkowski, Robert, Jr., Romaine, Sigourney B., Butler, Jeremy J., Bainbridge, Lars L., Brooks, Bradley T., and Sigel, Kenneth
- Subjects
BJ Services Co. -- Finance ,Baker Hughes Inc. -- Finance ,Daniel Measurement and Control Inc. -- Finance ,Diamond Offshore Drilling Inc. -- Finance ,ENSCO PLC -- Finance ,Global Industries Ltd. -- Finance ,Global Marine Inc. -- Finance ,Halliburton Co. -- Finance ,Helmerich & Payne Inc. -- Finance ,Nabors Industries Inc. -- Finance ,Noble Drilling Corp. -- Finance ,Parker Drilling Co. -- Finance ,Petroleum Geo-Services ASA -- Finance ,R&B Falcon Corp. -- Finance ,Rowan Companies Inc. -- Finance ,Schlumberger Ltd. -- Finance ,Smith International Inc. -- Finance ,Tidewater Inc. -- Finance ,Transocean Offshore Inc. -- Finance ,Varco International Inc. -- Finance ,Weatherford International Inc. -- Finance ,Petroleum services industry -- Finance ,Oil and gas field equipment industry -- Finance ,Business ,Business, general - Abstract
The economic environment is expected to be poor for the oilfield services and equipment industry in 1999, although earnings remained good through most of 1998, as drilling activity has slowed. However, many oil companies have turned to offshore drilling due to declining reserves and the multiyear contracts that occur in this sector will help the industry maintain cash flow. These stocks are not timely in 1999 and have appeal mainly for long-term investors.
- Published
- 1999