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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...
The rig counts are not higher this week despite $80+ oil remaining.  Baker Hughes Inc. (NYSE: BHI) has issued its weekly rig counting data, and we are watching the Oil Services HOLDRs (NYSE: OIH)...
When Exxon Mobil Corp. (NYSE: XOM) announced that it was going to acquire XTO Energy Inc. (NYSE: XTO)for  $31 billion in an all-stock transaction ($41 billion after debt assumption; with 0.7098 in...
The acquisition by Schlumberger Ltd. (SLB) of competitor Smith International Inc. (SII) for $11 billion could be another sign that mergers and acquisitions in the energy sector will pick up in 2010....
The Energy Information Administration is out with its newest 2010 and 2011 predictions for both supply and demand for oil and energy products.  This may throw water on T. Boone Pickens’ call for...
The rise in the dollar and the most recent wave of added risks that are coming from Europe combined with the loan halts in China have brought havoc to the commodities markets.  Oil has not been...
The rig counts are still mostly heading in the right direction, at least they are if you want to see a robust oil sector along with some oil price stability.  Baker Hughes Inc. (NYSE: BHI) has...
The rig counts are still heading in the right direction for stable oil and a steady flow of oil and gas supplies according to the Baker Hughes Inc. (NYSE: BHI) weekly rig counting data.  This is...
Baker Hughes Incorporated (NYSE: BHI) announced its weekly rig count data, but what is interesting is that the latest data shows a 2009-end with comparisons to a 2008-end.  If you saw the declines...
Baker Hughes Inc. (NYSE: BHI) has just released its new weekly rig count data.  Today’s data looks mixed again, which is another indication that perhaps the swinging back and forth in oil prices...
Baker Hughes Incorporated (NYSE: BHI) has just released its weekly rig counts.  It looks like we have another week of rig count growth on the three major counts, a positive development for those...
Baker Hughes, Inc. (NYSE: BHI) has released its data on the weekly rig counts and most are up. We are watching the key ETF products react via the Oil Services HOLDRs (NYSE: OIH), the Ultra Oil &...
This week’s data from Baker Hughes, Inc. (NYSE: BHI) on the weekly rig counts looks better and less mixed than in other weeks despite the notion that all projects should be financially sound at...
Baker Hughes, Inc. (NYSE: BHI) has released its weekly rig counts, and the results are not as strong as you would expect considering $80 oil is here.  We have watched the Oil Services HOLDRs (NYSE:...
Maybe higher oil prices keep begetting higher rig counts.  Baker Hughes, Inc. (NYSE: BHI) has released its weekly rig counts and there are gains in all three measures.  We have been watching the...