These Offshore Drillers Are a Bargain
A couple of things in the energy sector came on my radar Wednesday while I was flat on my back for a third straight day recovering from this nasty flu that has been hitting the country hard (and chastising myself for not getting a flu shot).
Jefferies says it sees capital expenditures in the oil and gas space rising 3% to 5% in 2013 based on recent additional capital spending announcements from oil and gas companies. Bernstein Research says North American activity will continue to climb out of its trough in 2013, and oil-services company Baker Hughes (BHI) predicts North American rig count will increase by 125 to 1880, even as aspects of its business remain under pressure....394 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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