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Strategies & Market Trends : Value Investing

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From: Paul Senior	1/25/2012 1:57:03 PM
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Oil service stocks. Assuming a continuation of the nat gas glut in US, eventually US producers will have to curtail production and cease drilling new exploration wells. I am seeing quarterly reports now from energy service suppliers saying that this gas glut may, or will, adversely affect their revenues. There'll be some shift by these companies to focus on oil e&p, demand for which is expected to hold up or increase. Some of these service stocks are already well off their highs, and so I wonder to just what further extent low nat gas prices will have on price of the service provider stocks. I'm going to assume much of the fear of a gas glut effect is now built into the price of some of these stocks. I'll start a tracking position in BHI, and I'll add to my few shares of RES. Both these stocks are diversified by being international (not just North American) and by products/services. And these companies are big enough players to where I assume their stocks will be able to recover at some point. Not sure I can ride through this--- for a small bet though, I'll try. finance.yahoo.com

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