From the Midland Reporter Telegram A new report says the international rig count could rebound and break 1,100 by 2020, according to Raymond James. Analysts from Raymond James said increased spending by international oil and gas companies and a rebound in Latin American drilling will drive the increases and lead to the international drilling rig count stabilizing around 1,150 after 2020.
RJ Sees Post OPEC Selloff as “Fleeting” Raymond James announced today that it was upgrading three oil service companies’ ratings. Basic Energy Services, Inc. (ticker: BAS), Nabors Industries Ltd. (ticker: NBR) and Patterson-UTI Energy, Inc. (ticker: PTEN) all had their ratings raised from “Outperform” to “Strong Buy” today by the financial institution. All three companies’ ratings were enhanced due to
In an industry report released July 8, 2013, Raymond James & Associates asked the question: ‘When will the Keystone XL Pipeline become a necessity?’ According to analysts, Marshall Adkins & Cory Garcia, additional pipeline capacity out of Western Canada will be eventually needed if Canadian oil sands growth continues as projected. “While Keystone isn’t needed today or arguably even in
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