Wall Street Paradigm Shift

[dan_s]

Credit Suisse says it’s time to buy oilfield services stocks. “The oilfield services sector - after suffering the sharpest decline in history followed by the sharpest recovery - is back to what appears to be at least a three-plus year run of somewhat normal growth,” Credit Suisse analyst James Wicklund wrote.

[mkarpoff]

Do you follow any service companies?

[dan_s]

I follow some of the onshore drillers, but have not taken a hard look at any of them lately. HP and PTEN are solid companies that should do well if oil prices stay elevated. They always pick up market share on the downturns and comeback strong during the rebound phase. Lots more upside in the upstream companies today.