From Jim Wicklund of Dain Rauscher this morning
Over he past 60 days on a normalized and relative basis, the OSX has
> returned 27.8% to the Industrials' 2.2%, the S&P's (4.3%), and the
> NASDAQ's (11.4%). We currently see no near-term change in fundamentals
> to suggest that relative performance of the sector will deteriorate.
> Given our expectations for continued strength of the energy services
> cycle, we encourage investors to consider some of the following names:
>
> Service and Equipment:
> - Baker Hughes (BHI, SB-Agg )
> - BJ Services (BJS - SB-Agg)
> - Varco (VRC, SB-Agg)
> - Veritas DGC (VTS, SB-Spec.)
> - Weatherford (WFT, B-Agg)
> - Lone Star Technologies (LSS, B-Agg)
> Offshore Drillers:
> - Pride International (PDE, SB-Agg)
> - Noble Drilling (NE, B-Avg)
> Land Drillers:
> - UTI (UTI, SB-Agg)
> - Key Energy (KEG, SB-Agg)
> - Nabors (NBR, SB-Agg)
> - Patterson Energy (PTEN, SB-Agg)
> Offshore Construction:
> - Stolt Offshore (NasdaqNM: SCSWF)
>
>
>
>
James K. Wicklund
Managing Director-Energy Research
Dain Rauscher Wessels |
