Watch Lists
Posted: Tue Oct 07, 2014 9:05 am
We had a big storm in Sugar Land yesterday that knocked out our power for ten hours. Probably "Climate Change".
I just finished posting the updated Watch Lists to the website when the power went out.
The "MLP Watch List" is under the MLP Tab.
The "E&P Watch List" and "Drillers Watch List" are under the Watch List tab. The onshore drillers sure look cheap to me. Unless there is a major drop in oil prices and it stays below $80/bbl, none of the E&P companies are going to cut back on drilling budgets. Rig rates have firmed up and the demand for high horse power rigs with top drives is very strong. PTEN, PDS and UNT look very good to me.
The offshore drillers may be fine, but I don't have time to follow everything.
I just finished posting the updated Watch Lists to the website when the power went out.
The "MLP Watch List" is under the MLP Tab.
The "E&P Watch List" and "Drillers Watch List" are under the Watch List tab. The onshore drillers sure look cheap to me. Unless there is a major drop in oil prices and it stays below $80/bbl, none of the E&P companies are going to cut back on drilling budgets. Rig rates have firmed up and the demand for high horse power rigs with top drives is very strong. PTEN, PDS and UNT look very good to me.
The offshore drillers may be fine, but I don't have time to follow everything.