SII Sprott Inc

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 www.wallstreetequityresearch.com to receive free research reports 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 opinions on Schlumberger Limited, Smith International Inc. and other players in the industry are welcomed to sign up for a free one year membership at http://www.wallstreetequityresearch.com/.

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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