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The industry's capacity could accommodate 40 to 50 new projects a year and there are currently just six on the list for this year.
While the UBS lowers the price targets on the land drillers, the firm stays positive on the big diversified oil services companies, and three still make sense for investors with patience and a...
In the week ended September 11, the number of rigs drilling for oil in the United States totaled 652, according to the Baker Hughes North American Rotary Rig Count.
In the week ended September 4, the number of rigs drilling for oil in the United States totaled 662, according to the Baker Hughes North American Rotary Rig Count.
In the week ended August 28, the number of rigs drilling for oil in the United States totaled 675, according to the Baker Hughes North American Rotary Rig Count.
ThinkstockThe oil patch has been a very fickle sector of late. With the price of oil tanking to under $40 per barrel, profitability is going to be a tough road ahead for drillers, exploration...
In the week ended August 21, the number of rigs drilling for oil in the United States totaled 674, up two from the prior week.
One thing experienced investors know is that one day those who hold their nose and buy oil stocks now will have a well-deserved payback. The problem is when that payback comes.
In the week ended August 14, the number of rigs drilling for oil in the United States totaled 672, according to the latest Baker Hughes North American Rotary Rig Count.
Thursday's top analyst upgrades, downgrades and initiations include Alibaba, Baker Hughes, GoPro, Merck, Microsoft and Yahoo.
In the week ended August 7, the number of rigs drilling for oil in the United States rose to 670, according to the Baker Hughes North American Rotary Rig Count.
ThinkstockEarnings season is well underway, Greece may be closer to being resolved, and China and Iran are being factored into the markets. Still, the S&P 500 slid 2.2% this last week. The trend...
Before markets open Tuesday, oilfield services company Baker Hughes is scheduled to post second-quarter results.
In the week ended July 17, the number of rigs drilling for oil in the United States dropped to 638, according to the Baker Hughes North American Rotary Rig Count.
In the week ended July 10, the number of rigs drilling for oil in the United States climbed to 645, according to the latest Baker Hughes North American Rotary Rig Count.