Schlumberger and Halliburton Shake it Off

Schlumberger (SLB) and Halliburton (HAL) have rallied over the past week or so, and we believe the stage has been set for higher prices over the next few months.

Previously, investors had been concerned that North American land-drilling services would continue to weigh on the fundamentals of the oil-services industry. In particular, record-low natural gas prices had triggered contractions in demand, pricing and margins throughout 2012 -- and various North American gas producers have dramatically reduced capital-spending plans until a material rebound in prices. This weakness has been a drag on the energy-service providers, and Schlumberger and Halliburton have suffered slipping shares amid their own disappointing fundamentals....495 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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