Oil Services and the $40 Billion Iraq Opportunity (SLB, BHI, WFT, HAL, OIH)

Energy

Published: April 27, 2010 10:57 am

Last Updated: April 27, 2010 9:12 pm

Morningstar has issued a report this week for oil services operations calling the opportunity in Iraq as “one of the greatest capacity increases in the industry’s history.” The analysis says that the recent Iraqi oil auctions created a multi-billion dollar opportunity for firms such as Schlumberger Ltd. (NYSE: SLB), Baker Hughes Incorporated (NYSE: BHI), Weatherford International Ltd. (NYSE: WFT), and Halliburton Company (NYSE: HAL). The winning oil and gas companies have committed to boosting production capacity in Iraq to around 12 million barrels per day, in about six or seven years, from about 2.5 million barrels per day today.
-Article by Stephen Ellis

Proceed to Full Article

It is also worth noting that these four companies directly account for 36.5% of the weighting of the Oil Services HOLDRS (NYSE: OIH) ETF for the sector, and there is another 10% of the weighting between BJ Services Co. (NYSE: BJS) being acquired by Baker Hughes and Smith International Inc. (NYSE: SII) being acquired by Schlumberger.

Travel Cards Are Getting Too Good To Ignore (sponsored)

Credit card companies are pulling out all the stops, with the issuers are offering insane travel rewards and perks.

We’re talking huge sign-up bonuses, points on every purchase, and benefits like lounge access, travel credits, and free hotel nights. For travelers, these rewards can add up to thousands of dollars in flights, upgrades, and luxury experiences every year.

It’s like getting paid to travel — and it’s available to qualified borrowers who know where to look.

We’ve rounded up some of the best travel credit cards on the market. Click here to see the list. Don’t miss these offers — they won’t be this good forever.