Oil Services: Who Will Lead The Rebound?
The results from oil services companies like Baker Hughes (NYSE:BKR), Haliburton (NYSE:HAL), and Schlumberger (NYSE:SLB) were mixed to be sure but there is one common thread among them. The outlook for spending on oil-field services remains strong and supportive of a multi-year upcycle for the industry. Even Baker Hughes, which gave the weakest report in the Q2 cycle, is forecasting an increase in spending that will support not only revenue and earnings but healthy dividend payments as well. Q2 2022 hedge fund letters, conferences and more Find A Qualified Financial Advisor“On the other hand, ...