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Gold/Mining/Energy : Strictly: Drilling and oil-field services -- Ignore unavailable to you. Want to Upgrade?


To: ItsAllCyclical who wrote (78200)11/8/2000 11:02:15 AM
From: ItsAllCyclical  Read Replies (1) | Respond to of 95453
 
Deutsche Banc Initiates Coverage of the OSX

Here's the reason behind yesterday's 21 upgrades...

biz.yahoo.com

-- The tight commodity supply-demand fundamentals make multi-year double-digit spending growth likely;

-- The group's earnings recovery is likely to be quite robust and oilfield service companies could average earnings growth of almost 50% per year for the next couple of years;

-- Commodity price risk is largely reflected in the group with the recent pullback in the stocks; and

-- Valuations are reasonable and the group should see meaningful upside of about 40% over the next 12 months.