Research on Cameron International Corporation and National Oilwell Varco Incorporated - Profits and Oil Prices Surge but Concern
January 12 2011 - 8:18AM
Marketwired
www.stockcall.com/ offers investors comprehensive research on the
oil & gas equipment & services industry and has completed
analytical research on
Cameron International
Corporation (NYSE: CAM) and
National Oilwell
Varco Incorporated (NYSE: NOV). Register with us today at
www.stockcall.com/ to have free access to these researches.
Oil prices continue to hover around $90 a barrel and the profits
reaped by drillers and refiners are beginning to trickle down to
the services industry as well. As profits from oil surge, capital
expenses into servicing and upgrading are on the rise. 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.
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industry can have easy and free access to our analyst research and
opinions on Cameron International Corporation and National Oilwell
Varco Incorporated; investors and shareholders of these companies
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Despite the high price of oil and profits seen through the oil
industry, the number of oil and natural gas rigs dropped every week
in December to a 10 month low. In the last week of 2010, natural
gas rigs declined by 12 to 919 and oil rigs fell by 6 from 771 to
765. Combined, total rig count dropped by 20 to 1,694. The declines
are not alarming but the oil and gas services industry will
certainly be monitoring this trend during the first few months of
2011.
The yet to be completed BP oil spill investigation still looms
over the industry to some extent. Resolution of the investigation
and subsequent fines could be detrimental to companies which
provided equipments and services and these include players like
Cameron International Corporation. Also, making news in the BP oil
spill investigation is the quasi rejection by National Oilwell
Varco Incorporated to assist the commission through providing
access to software that would recreate displays of what engineers
on the deepwater rig saw prior to the infamous incident. Investors
can register for free to access the research reports on Cameron International Corporation and National Oilwell Varco Incorporated at
www.stockcall.com/CAM120111.pdf or
www.stockcall.com/NOV120111.pdf.
Overall, high oil prices and profits throughout the industry
bode well for the natural gas and oil services industry. Declining
rig counts and the resolution of the BP investigation are subplots
to monitor moving forward though. 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.
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