Time for TMAR to make a big move. I think we'll see $15 by year end.
"RBC Dominion Starts 12 Oil-Svcs Cos. At Strong Buy"
Dow Jones Newswires -- February 23, 2000
NEW YORK -- RBC Dominion Securities initiated coverage of 31 U.S.-listed oilfield services and equipment companies Wednesday, including 12 companies that were started at a strong buy rating.
The companies receiving strong buy recommendations were Baker Hughes Inc. (BHI), Ensco International Inc. (ESV), Global Industries Ltd. (GLBL), Offshore Logistics Inc. (OLOG), Parker Drilling Co. (PKD), Pride International Inc. (PDE), R&B Falcon Corp. (FLC), Shaw Group Inc. (SGR), Stolt Comex Seaway SA (SCSWF, SCSAY), Superior Energy Services Inc. (SESI), Transocean Sedco Forex Inc. (RIG) and Trico Marine Services Inc. (TMAR).
In the debut report, RBC oil services analyst Roderick McKenzie said low crude oil inventories, strained productive capacity, deferred spending and increasing demand make oil services and equipment stocks attractive at this time.
-Christina Cheddar; Dow Jones Newswires; 201-938-5166 |
