Oppenheimer making positive comments on Outperform rated HAL, SLB, WFT, SPN
- Firm believes investors should take advantage of the recent weakness in OFS equities as they stand to benefit from a multi-year improvement in drilling and completion activity and rising commodity prices as oil supply and demand gradually tightens. We believe the bottom is in for the US rig count.
- Reiterates Perform rating on BHI and Underperform rating on FTK