This is one of the main call this year...re rationg ont he sector has been massive, last few months we saw a lot of HF, fund cuttingm their positions in this sector...$75 is a main level for Oil, we were tradding there less than 2months ago...nobody (US included) want to have oil staying o n the lows for ever...it will be an issua at one point for all countries ( producers ) ...I don't see Oil stating on tje lowas for another 6 months, I am pretty sure we'll see $45 before $75 but volatility is going to be extreme on the next 3months...a way to play that is on discounted assets...
This is one of 2015 big call for me.
I will send you this MS note shortly
This is one of 2015 big call for me.
I will send you this MS note shortly
Oil Services Sentiment ‘Nearing a Trough,’ Morgan Stanley Says
2015-01-05 13:25:21.870 GMT
By Arie Shapira
(Bloomberg) -- Large cap oil services and equipment stocks
trading well below historical price/sales and price/book ratios,
Morgan Stanley analyst Ole Slorer writes in note.
* Sees “compelling risk-reward skew” across most stocks
under coverage; had upgraded group to attractive on Nov. 26
* Top picks into trough: CLB, SDRL, CLB; tactically likes HAL,
land drillers
* NOTE: Dec. 23, Global Hunter downgraded 15 oil services
stocks as no crude oil price relief expected
* NOTE: Dec. 19, Citi cut oil services ests below Street avg,
said to “buy the fear”
For Related News and Information:
First Word scrolling panel: FIRST<GO>
First Word newswire: NH BFW<GO>
To contact the reporter on this story:
Arie Shapira in New York at +1-212-617-1488 or
ashapira3@bloomberg.net
To contact the editor responsible for this story:
Brad Skillman at +1-212-617-2763 or
bskillman1@bloomberg.net
2015-01-05 13:25:21.870 GMT
By Arie Shapira
(Bloomberg) -- Large cap oil services and equipment stocks
trading well below historical price/sales and price/book ratios,
Morgan Stanley analyst Ole Slorer writes in note.
* Sees “compelling risk-reward skew” across most stocks
under coverage; had upgraded group to attractive on Nov. 26
* Top picks into trough: CLB, SDRL, CLB; tactically likes HAL,
land drillers
* NOTE: Dec. 23, Global Hunter downgraded 15 oil services
stocks as no crude oil price relief expected
* NOTE: Dec. 19, Citi cut oil services ests below Street avg,
said to “buy the fear”
For Related News and Information:
First Word scrolling panel: FIRST<GO>
First Word newswire: NH BFW<GO>
To contact the reporter on this story:
Arie Shapira in New York at +1-212-617-1488 or
ashapira3@bloomberg.net
To contact the editor responsible for this story:
Brad Skillman at +1-212-617-2763 or
bskillman1@bloomberg.net