Yogi Bera would remind us that predictions are difficult, especially about the future – and that pearl of wisdom is more relevant than ever in today’s oil markets. As a rough proxy for the price of cr...
Tag: Oilfield
Are Oilfield Service Companies A Buy?
Last week, we presented a bear case for the energy sector based on the premise that oil and gas stocks could be in danger of overheating. Energy is the 4th most expensive sector going by Shiller’...
Oilfield Services Are Set For Years Of Profits
Oilfield services providers are confident that a prolonged upcycle will keep them very busy in coming years as the U.S. shale patch returns to growth and international drilling activity struggles to c...
Halliburton Earnings Due As Oilfield Services Demand Booms; Biden OKs New Drilling
Oilfield services giant Halliburton (HAL) will report first-quarter earnings on Monday as $100 crude oil and Russia’s Ukraine invasion is spurring a pickup in drilling activity. On Friday, the B...
Oilfield Service Majors Aren’t Pulling Out Of Russia
The three biggest international oilfield services firms remain in Russia, not following nearly all Western oil majors that have said in recent weeks they would quit their Russian joint ventures and pr...
Baker Hughes Suspends New Investment In Russia As World’s Biggest Oilfield Services Companies Cut Ties
Topline U.S. oilfield services company Baker Hughes has paused new investments in Russia, it said in a statement Saturday, a day after its two biggest competitors said they were doing so in the wake o...
Schlumberger Q4 Earnings Beat, Sees ‘Favorable’ 2022 Oilfield Service Fundamentals
Oilfield service leader Schlumberger’s (SLB) fourth-quarter earnings beat analyst expectations Friday, following a mixed report from Baker Hughes (BKR) Thursday. BKR stock briefly cleared a buy ...