After Disaster, Oil Service Bargains for Long-Term InvestorsDavid Bogoslaw
Less than a year ago, when low oil prices and uncertainty about the timing of an economic recovery made investors nervous about energy bets, the oilfield services industry was the place to be, since oil producers couldn't afford not to continue drilling. Now, in the wake of what's said to be the biggest environmental disaster in U.S. history, the near-term outlook for oilfield services companies doesn't look nearly as bright. But for investors willing to stick with battered stocks such as Cameron International (CAM) or Halliburton (HAL)—for a year or two—stiffer regulations on drilling in the Gulf of Mexico could mean enhanced opportunities. And while the sector remains risky, there could be some bargains.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.