There are starting to be some real values in this sector, unless of course ther is a discovery that makes the internal combustion engine obsolete. There still may be some downside especially if oil prices continue to drop but in the long term they will be winners...ESV at 25, FGII at 32.25, MDCO at 18 9/16, MIND at 10 3/4. All good co's with solid futures. There are lots more.
You are absolutly right. Outfits I think present a good value include, among others; HC, TESOF and EFX on TSE But, as I am looking at these Energy Services stocks, I keep asking myself: If, as a whole, market crashes right now (high probability), how much will all these Energy Services stocks follow?
Mitcham's got some problems, the others I agree with.also check out SMIN, they're buying like gangbustersdoubling their acquisitions in the last 6 months. Now if the Arabs will only follow through on their threats to cut back supply!
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