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.

Read the full story and get access to the Real Money Pro trading floor.

There’s no substitute for a trading floor to get great ideas, so Jim Cramer created a better one at Real Money and blogs there exclusively. We then added legendary hedge fund manager, Doug Kass, with his exclusive Daily Diary and best investing ideas. Staffed with more than 4 dozen investing pros, money managers, journalists and analysts, Real Money Pro gives you a flood of opinions, analysis and actionable trading advice found nowhere else, and allows you to interact directly with each expert.

Already a Subscriber? Please login.

Except as otherwise indicated, quotes are delayed. Quotes delayed at least 20 minutes for all exchanges. Market Data provided by Interactive Data. Company fundamental data provided by Morningstar. Earnings and ratings provided by Zacks. Mutual fund data provided by Valueline. ETF data provided by Lipper. Powered and implemented by Interactive Data Managed Solutions.

TheStreet Ratings updates stock ratings daily. However, if no rating change occurs, the data on this page does not update. The data does update after 90 days if no rating change occurs within that time period.

IDC calculates the Market Cap for the basic symbol to include common shares only. Year-to-date mutual fund returns are calculated on a monthly basis by Value Line and posted mid-month.