drbubb Posted March 18, 2007 Report Share Posted March 18, 2007 On this weekend's FS broadcast, FB was very upbeat on the prospects for oil & gas drilling co's. Some co's he mentioned were... (list being compiled from broadcast) Broadcast : http://www.netcastdaily.com/broadcast/fsn2007-0317-1.asx charts that I like include: Baker Hughes (BHI) : weekly at $61 Bronco Drilling (BRNC) : weekly at $14 Credo Petroleum (CRED) : weekly at under $12 GeoResources (GEOI) : weekly at $5.50 HNR at $8? NBR , soon? NGAS Resources (NGAS) : weekly at $6.30 Patterson Uti (PTEN) weekly at ? Another source / The Oil Drillers Stock List : APAGF ATW BDE BHI BRNC CRED DO ESV GEOI GLBL GRP GSF HAL HAWK HNR HP ISRL NBR NE NGAS PDE PDS PETD PLLL PTEN RDC RIG SII SLB TDW TESOF THE TXCO UTI WFT @: http://www.bullsector.com/oildrillers.html . . . Yahoo's List : Oil exploration and drilling co's : http://biz.yahoo.com/ic/123_cl_all.html Link to comment Share on other sites More sharing options...
silverharp Posted March 18, 2007 Report Share Posted March 18, 2007 I'll have to relisten to note down the list, I'd be interested in a shortlist of about 5 that have the most international exposure? Link to comment Share on other sites More sharing options...
polo Posted March 18, 2007 Report Share Posted March 18, 2007 how about noble NE? http://bigcharts.marketwatch.com/charts/bi...&mocktick=1 http://www.noblecorp.com/invest/corp_overfrX.html http://www.businessweek.com/investor/conte...0213_099766.htm February 13, 2007 Noble: A Smart Drill Bet by Stewart Glickman, CFA From Standard & Poor's Equity Research S&P likes the company's focus on international markets and its technologically advanced rigs. It has S&P's highest rating Noble (NE; recent price, $73) is a contract drilling company that owns and operates a fleet of 63 mobile offshore drilling rigs used in the exploration and development drilling efforts of oil and gas producers. We think Noble is well positioned to benefit from a secular trend towards ........................ the analysts are +ve http://finance.yahoo.com/q/ae?s=NE http://finance.yahoo.com/q/ae?s=NE 15 sb's and an '07 pe of 8 Link to comment Share on other sites More sharing options...
polo Posted March 18, 2007 Report Share Posted March 18, 2007 http://origin.vcall.com/CustomEvent/confer...507/webcast.htm Enercom The Oilservice Conference V 15/16 feb 07 a load of webcasts to listen to Link to comment Share on other sites More sharing options...
drbubb Posted March 19, 2007 Author Report Share Posted March 19, 2007 Some further info Sym. Company==== Shs.OS Price : MktCap BHI- Baker Hughes 320. $62.74 $20.09BN BRNC Bronco Drllg 26.1 $15.05 $391.6mn CRED Credo Petro. 9.26 $12.35 $114.4mn GEOI GeoResources 3.79 $ 5.80 $ 22.0mn .. NGAS Ngas Res... 21.79 $ 6.35 $138.4mn Link to comment Share on other sites More sharing options...
drbubb Posted March 19, 2007 Author Report Share Posted March 19, 2007 here's someone else who thinks drillers are cheap... Hercules Offshore (down $2.17 to $24.40, Charts) said it is buying larger rival Todco (up $5.37 to $38.15, Charts) in a $2.3 billion cash and stock deal that will unite the oil and gas drillers. Link to comment Share on other sites More sharing options...
silverharp Posted March 19, 2007 Report Share Posted March 19, 2007 The ones Frank mentioned on FSN Global Santafe Transocean Tidewater Diamond offshore Link to comment Share on other sites More sharing options...
AFool&HisBorrowedMoney Posted March 19, 2007 Report Share Posted March 19, 2007 I've been watching Petrolatina (LSE:PELE) over the last month, prospects appear excellent for it Bollinger bands tightening up sharply on it over the last day or two, coupled with recent great news, looks like its about to launch. I have a punt nicely positioned in place In-depth report on it on PDF file here Link to comment Share on other sites More sharing options...
silverharp Posted March 20, 2007 Report Share Posted March 20, 2007 What are people's view on this as a sector, by market value some of these companies are quite large, 20-30bn dollar companies. In real terms they are unlikely to be able to expand to a large degree. Do you wait for a re-rating and move on, or have them as long term plays on the conservative side of your portfolio? Link to comment Share on other sites More sharing options...
polo Posted March 20, 2007 Report Share Posted March 20, 2007 have a look at atwood oceanics ATW, mcap 1.7b$ http://www.atwd.com/ webcast here http://origin.vcall.com/CustomEvent/confer...507/webcast.htm 07 in the bag, 08 77% booked, 09 32% booked day rates increasing strongle international fleet recently refurbed + a new ship end 08 very little debt ttm pe 18 but 07 pe 12 & 08 pe 6 http://ichart.finance.yahoo.com/z?s=ATW&am...amp;a=v&p=s what more could you want? Link to comment Share on other sites More sharing options...
No6 Posted March 20, 2007 Report Share Posted March 20, 2007 have a look at atwood oceanics ATW, mcap 1.7b$http://www.atwd.com/ webcast here http://origin.vcall.com/CustomEvent/confer...507/webcast.htm 07 in the bag, 08 77% booked, 09 32% booked day rates increasing strongle international fleet recently refurbed + a new ship end 08 very little debt ttm pe 18 but 07 pe 12 & 08 pe 6 http://ichart.finance.yahoo.com/z?s=ATW&am...amp;a=v&p=s what more could you want? For the rest of the market to catch up? FB seems to believe that there is value here because the market has failed to pick up on it. He did also say that the value is there as long as oil stays above $40, which shouldn't be too difficult, but there are still those who believe it will go back to $35 or below. If this happens the drillers would probaby be cheaper than now. Buy the companies that supply the rigs, it's something that Jim Puplava has also been going on about for some time. Link to comment Share on other sites More sharing options...
drbubb Posted March 21, 2007 Author Report Share Posted March 21, 2007 Atwood may be good, but ... the chart for ATW ...shows it banging up to new highs, so i wouldnt buy it - it's not my thing. There are too many other stocks to buy in this sector that look set to come out of corrections Link to comment Share on other sites More sharing options...
polo Posted March 21, 2007 Report Share Posted March 21, 2007 interesting to note the chart of the osx in £ looks a wee bit bearish compared to he one in $ http://stockcharts.com/c-sc/sc?s=$OSX...0989&r=4069 http://stockcharts.com/c-sc/sc?s=$OSX...5119&r=4189 Link to comment Share on other sites More sharing options...
drbubb Posted March 22, 2007 Author Report Share Posted March 22, 2007 (from Canaccord Adams): US Oilfield Services Sector -- Initiating Coverage We are initiating research coverage of the oilfield services sector this morning with reports on the following 14 companies: Atwood Oceanics (ATW : NYSE : $55.29 | BUY, $63.00 target price) Basic Energy Services (BAS : NYSE : $23.77 | HOLD, $28.00 target price) CARBO Ceramics (CRR : NYSE : $46.52 | HOLD, $44.00 target price) Complete Production Services (CPX : NYSE : $19.73 | HOLD, $22.00 target price) Core Laboratories N.V. (CLB : NYSE : $84.03 | HOLD, $76.00 target price) Helmerich & Payne (HP : NYSE : $30.08 | BUY, $34.00 target price) Hercules Offshore (HERO : NASDAQ : $25.99 | BUY, $35.00 target price) Hornbeck Offshore (HOS : NYSE : $27.63 | BUY, $30.00 target price) Oil States (OIS : NYSE : $31.38 | BUY, $35.00 target price) OYO Geospace (OYOG : NASDAQ : $67.91 | HOLD, $65.00 target price) Pioneer Drilling Company (PDC : AMEX : $12.73 | HOLD, $15.00 target price) RPC (RES : NYSE : $15.66 | BUY, $20.00 target price) TETRA Technologies (TTI : NYSE : $24.26 | BUY, $28.00 target price) W-H Energy Services (WHQ : NYSE : $43.59 | BUY, $53.00 target price) We recommend investors market-weight the oilfield services sector. Over the next twelve months we expect the Philadelphia Oilfield Services Sector Index to trend to the $220.00 level, 11.8x consensus 2007 EPS expectations, as activity levels remain high and, as a result, equipment and services prices remain robust. Crude oil and natural gas prices, fueled by worldwide economic growth, are the greatest influences on oilfield service companies' share price performance. We expect commodity prices in 2007 to remain high compared to historical levels. The fundamentals of the declining size of exploratory successes and increasingly steep decline rates of established production underpin these positive expectations. Operationally, the offshore drilling, downhole drilling tools, and well servicing subsectors should be among the best performing sectors in 2007-2008. Our favorite names in our oilfield services research universe are Hercules Offshore, Helmerich & Payne, and TETRA Technologies. Link to comment Share on other sites More sharing options...
frizzers Posted April 8, 2007 Report Share Posted April 8, 2007 Think I may have found a beauty: Precision Drilling - an income trust in the oilfield services sector. PE Ratio 5.73 ; Divident yield of 13.77% http://www.precisiondrilling.com/ Chart looks to have found a bottom after a Bubb ABC correction and is now sitting on topo of 21 and 55 dmas at a potential inflection point. CHART Anyone know it? Link to comment Share on other sites More sharing options...
No6 Posted May 3, 2007 Report Share Posted May 3, 2007 Oil service companies index funds. Oil Services HOLDRs (OIH: AMEX) The OIH currently holds18 companies, the top four are Baker Hughes (BHI), Transocean (RIG), Schlumberger (SLB) and Halliburton (HAL) about 40% of the OIH portfolio. http://finance.yahoo.com/q?d=t&s=OIH iShares Dow Jones U.S. Oil Equipment Index (IEZ: NYSE). The IEZ index tracks the performance of the oil equipment and services sector of the U.S. stock market. It includes suppliers of equipment or services to oil fields and offshore platforms, such as drilling, exploration, engineering, logistics, seismic information services and platform construction. http://finance.yahoo.com/q?d=t&s=IEZ Link to comment Share on other sites More sharing options...
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