UnThreaded | Threaded | Whole Thread (8) | Ignore Thread Prev Thread | Prev | Next | Next Thread
Author: PhilWeiss One star, 50 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 2794  
Subject: Re: Is Anyone Out There Date: 3/7/2007 11:45 PM
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Recommendations: 4
I know the analyst that covers BJ Services likes the company's prospects, but it's not one I cover, so I can't really offer a meaningful comment. Of the 24 companies I cover six are services companies but mine all market various rig types, which is not what BJS does. I think the industry has some good investment candidates. My favorite services company is Helmerich & Payne, which is a small-cap. Today, the company announced it will be adding two more rigs to its fleet (making a total of 75 new rigs since 2005) and moving into the Calfornia market for the first time.

Here's an excerpt from my investment thesis:

U.S. gas drilling activity has experienced some recent weakness. However, HP's rigs reduce drilling time per well, can move more quickly from well to well, and can drill with increased precision and measurability. Thus, even though HP charges premium day rates,
users of its FlexRigs can significantly reduce their total costs per well, giving HP a competitive advantage.

Phil
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (8) | Ignore Thread Prev Thread | Prev | Next | Next Thread

Announcements

What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and "#1 Media Company to Work For" (BusinessInsider 2011)! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement