Professional Research on Schlumberger and Smith International -- Oil Services Industry in the Limelight
August 03 2010 - 8:55AM
Marketwired
www.wallstreetequityresearch.com allows shareholders to gain full
understanding of the economic and market forces influencing the oil
& gas equipment & services industry, and offers free
research on industry players
Schlumberger
Limited (NYSE: SLB)
and Smith International
Inc. (NYSE: SII). Register today at
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on these companies.
The amount of operating U.S. onshore oil rigs has jumped over
seventy-five percent in June over the same period last year,
marking a seventeen month high. The increased activity is producing
positive results in the Oil and Gas Services and Equipment sector,
where quarterly reports are showing strong gains. Mergers and
trimming of corporate staff have also helped to keep the industry
numbers up.
A few weeks back, Schlumberger Limited released its earnings
results with a surge of 33% in profit. The company was also in news
early last week as antitrust regulators gave their green light for
the $11 billion takeover bid for Smith International Inc., another
player in the oil services space. However, the acquisition still
needs the blessings of Smith International's shareholders.
Shareholders and investors can sign up today at
http://wallstreetequityresearch.com/August032010SchlumbergerLimited(SLB)030810.php
or
http://wallstreetequityresearch.com/August032010SmithInternationalInc.(SII)030810.php
to download the full reports on Schlumberger
Limited and Smith International Inc.
www.wallstreetequityresearch.com is a specialized website where
investors can have complete access to free reports on oil & gas
equipment & services industry; traders looking for analyst
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Offshore, while the effects of the BP oil spill have been
detrimental to all those involved in the industry, the long term
effects are less certain. With tighter regulations coming in the
wake of the spill, offshore drilling could become more expensive.
This could prove positive for the Oil and Gas Services and
Equipment Industry, as some of the added costs will be service and
maintenance expenses.
The new regulations could also bring about the replacement of
older equipment in the wake of heightened safety standards. Visit
us at http://www.wallstreetequityresearch.com/ to understand the
catalysts and forces driving or affecting oil & gas equipment
& services stocks.
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