Research on Baker Hughes and Cameron International - What Does the Next Few Months Hold for the Oil & Gas Equipment & Services I
August 31 2010 - 9:13AM
Marketwired
www.stockcall.com/ offers investors comprehensive research on the
oil & gas equipment & services industry and has completed
analytical research on
Baker Hughes Inc.
(NYSE: BHI) and
Cameron International
Corporation (NYSE: CAM). Register with us today at
www.stockcall.com/ to have free access to these researches.
The BP oil spill has had a major effect on the Oil & Gas
Equipment & Services sector. The moratorium placed on drilling
in the Gulf of Mexico following the Macondo spill has hurt some
service providers within the sector. It is expected that these
companies will continue to struggle even more during the next few
quarters as demand for their services remains down. While the
scrutiny placed on some of the failed equipment during the spill
has created some uncertainty in the sector, it is likely that
stricter equipment standards will actually benefit the companies
responsible for developing and manufacturing the next generation
equipment.
www.stockcall.com/ is an online platform where investors doing
their due-diligence on the oil & gas equipment & services
industry can have easy and free access to our analyst research and
opinions on Baker Hughes Inc. and Cameron International
Corporation; investors and shareholders of these companies can
simply register for a complimentary membership at
https://stockcall.com/development/stockcall/page.php?name=register.html
Despite the spill, the Oil & Gas Equipment & Services
industry is generally healthy as of late. The stabilization of oil
prices has fueled sector growth through development and
exploration. After the North American pull back in oil and gas
production last year, a steady rise in rig counts has occurred
throughout the continent during the past months. Much of this
growth is owed to the historic production levels of shale-natural
gas, where rig counts rose to a record high of 895. Visit
www.stockcall.com/ to see how companies in this industry have grown
over the past years and how they are expected to perform in the
future.
Good operating margins and use-it-or-lose-it clauses in land
leases have motivated producers to maintain high levels of
production. This increased production has benefited the sector by
increasing demand for services and equipment. The Oil & Gas
Equipment & Services sector should continue to see benefit
while natural gas production remains high. However, a poor forecast
for gas prices later in the year could mean production will slow to
more typical levels. Register now at
https://stockcall.com/development/stockcall/page.php?name=register.html
to have free access to our reports on the oil & gas equipment
& services industry.
Early this month Baker Hughes Inc. posted an increase of 6.9% in
profits to $93 million boosted by demand recuperation for services
in North America and its recent acquisition of BJ Services. Revenue
for the quarter was at $3.37 billion that is a rise of 44% as
compared to last year's figure. Conversely, Cameron International
Corporation which reported its earnings a day after Baker Hughes
saw a decline of 7% in its income to $129.2 million from $138.6
million in the same quarter for 2009. Revenue was up 14% to $1.45
billion for the same time period. Investors can register for free
to access the research reports on Baker Hughes
Inc. and Cameron International
Corporation at www.stockcall.com/BHI310810.pdf or
www.stockcall.com/CAM310810.pdf.
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