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All the Rig Builders and Rig Providers in Singapore are in deep SCHIST and starting to file for bankrupty.
All the building has stopped and a large number of finished Rigs are sitting idle
Drivel Maven with Personality
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YEA! Who pics up the slack?
Our group is more bullish on the oil price outlook in 2017, and as such, we firmly believe investors need to have a position in the
space. Our favorite names include: 1) Strong Buy-rated Halliburton (HAL), given its leverage to the North American pressure
pumping and general land recovery; 2) Strong Buy-rated Patterson-UTI Energy (PTEN) and RPC, Inc. (RES), given their strong asset
bases, conservative balance sheets, and leverage to a U.S. pressure pumping recovery; 3) Strong Buy-rated Hi-Crush Partners
(HCLP), given significant industry leverage to favorable cyclical and structural proppant demand trends; 4) Strong Buy-rated Unit
Corp (UNT), given its favorable valuation; 5) Strong-Buy-rated Superior Energy Services (SPN), given structural cost cuts and
leverage to businesses with widespread industry attrition; 6) Strong Buy-rated Weatherford International (WFT) and Nabors
Industries (NBR), given leverage to commodity price movements; 7) Strong Buy-rated Baker Hughes (BHI), given structural cost
cuts and a strategic focus on long-term returns; and 8) Strong Buy-rated Newpark Resources (NR), which is a differentiated
growth story with limited capital needs.