SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : Big Dog's Boom Boom Room
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Big Dog who started this subject9/6/2002 8:36:17 AM
From: Big Dog  Read Replies (2) of 206092
 
RBC Capital:

OIL SERVICE STRATEGIST: SEPTEMBER 6, 2002
Find disclosures section at the end of the note.

Daily Rap
* The OSX closed down 0.2% to 76.03 faring better than the broader market
indices.
* Providing support for the group were natural gas and crude oil prices up
2.5% and 4.7%, respectively.
* Crude oil rallied on the API and DOE inventory reports and continued
prospects for an attack on Iraq.
* Natural gas was pulled higher by crude and an EIA storage report in line
with expectations.

Commentary
* Near term, we still expect the group to trade between 70-95 pending a
macroeconomic catalyst.
* Consensus EPS and U.S. rig count projections for 3Q02 have been trending
lower toward our numbers, which have been largely in place since the end of
February 2002.
* The 4Q02 earnings wildcard is a function of North American drilling
activity, for which there is little visibility as of yet.
* In our view, the Q4 picture should become more clear by the end of
September as we move through the "shoulder period" for natural gas.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News