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Gold/Mining/Energy : Big Dog's Boom Boom Room

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From: Dennis Roth	9/9/2011 6:35:44 PM
	of 206104

International Rig Count Analysis: Aug. 2011 International Rig Count Increases by 33 to 1,183 Rigs 9 September 2011 ¦ 21 pages citigroupgeo.com Advance Is Strongest in Africa, Europe, and Asia Pacific — The international rig count increased by 33 rigs in August vs. July due to flat-to-higher sequential monthly activity in all geographical regions. The African rig count increased by 14 rigs (+23%), Europe increased by eight rigs (+7%), Asia Pacific increased by eight rigs (3%), Latin America increased by three rigs (+1%), and the Middle East was unchanged... ...Diversified Oil Services Companies will Realize the Benefits — We believe the best investments to realize the benefits of an improving international drilling outlook are through the diversified oil service companies. Specifically, we recommend Buy-rated Halliburton (HAL), Schlumberger (SLB), and Weatherford (WFT)

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