【queen of sparkles resale】Deepwater Activity Remains Strong in International Oil Markets: Trey Stolz, Managing Director of Oilfield Services Research at IBERIA Capital Partners, Interviews with The Wall Street Transcript
67 WALL STREET,queen of sparkles resale New York - July 2, 2013 - The Wall Street Transcript has just published its Oil & Gas Review 2013 Report offering a timely review of the sector to serious investors and industry executives. This special feature contains expert industry commentary through in-depth interviews with public company CEOs, Equity Analysts and Money Managers.
The full issue is available by calling (212) 952-7433 or via
The Wall Street Transcript Online
.
Topics covered:
Increasing Demand for Midstream Assets - U.S. Energy Infrastructure Build Out - Emerging Shale Plays - Oil and Gas Transportation Infrastructure Demand - Master Limited Partnerships Distribution Growth - Outlook for Natural Gas Liquids - Low Treasury Yields and MLP Dividends
Companies include:
Gulfmark Offshore Inc. (GLF), Hornbeck Offshore Services, In (HOS), Tidewater Inc. (TDW), Cal Dive International Inc (DVR), Helix Energy Solutions Group, (HLX), Oceaneering International, Inc (OII), National Oilwell Varco, Incorp (NOV), Cameron International Corporat (CAM), FMC Technologies, Inc. (FTI), Weatherford International Ltd. (WFT), Petroleo Brasileiro (PBR), Key Energy Services Inc. (KEG), Diamond Offshore Drilling Inc. (DO), Transocean Ltd. (RIG), Noble Corp. (NE), Ensco International Inc. (ESV) and many more.
In the following excerpt from the
Oil & Gas Review 2013 Report
, an expert analyst discusses the outlook for the sector for investors:
TWST: What's been your broad-brush take on earnings so far?
Mr. Stolz:
It's tough to paint all of oilfield services so far this quarter with a broad brush because of the very, very different dynamics going on.
But North American land, like I mentioned - there is still cautious outlook
. There are some seeds of hope that are worth a good look. But in general, the market underperformed expectations in the second half 2012.
Utilization on oil services seems to be up in the first quarter,
for the pressure pumpers and well-service activities. Fluid services remains oversupplied and under pressure. Then, there are individual company stories:
Key Energy Services
(KEG) noted recently that one of their large customers looks to be doing a lot less well service work in the first quarter. So our outlook on North American land is still cautious, although we believe over 2013, activity will ramp up, particularly this spring.
Looking offshore, while it's very favorable on the demand side, the big thing we are looking at over 2013 is opex maintenance and how the deepwater drillers manage their expenses. Certain companies are doing a very good job of that, including
Diamond Offshore
(DO). Others are struggling with that in the post-Macondo world.
Story continues
Looking at boats, a lot of operators are going to new build phases right now
, and as they bring in new builds over the course of 2013, that will have a big impact in earnings. We're keeping an eye on overall supply and individual markets and how that affects utilization rates, and we're overall pretty bullish on the boat sector over the course of 2013, particularly
Hornbeck
and
GulfMark
.
The sector we like the most for the next several years is...
For more of this interview and many others visit the Wall Street Transcript - a unique service for investors and industry researchers - providing fresh commentary and insight through verbatim interviews with CEOs, portfolio managers and research analysts. This special issue is available by calling (212) 952-7433 or via
The Wall Street Transcript Online
.
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