9:14 AM ET) NEW YORK (MarketWatch) -- Goldman Sachs analysts on Thursday upgraded the oil service and oil drilling sector to attractive from neutral. "We believe we are in the early stages of a multi-year investment period and believe the recent correction provides an attractive entry point," Goldman said in a note to clients. "We are bullish on the outlook for crude oil prices through 2008 and believe exploration and production spending growth estimates are conservative." Diamond Offshoreremains a favorite, and analysts also upgraded Pride Internationalto a buy. Goldman reiterated buy ratings on Baker Hughes, Weatherford, and National Oilwell Varco.
2 comments:
unh was green....hmmm...stick with it.
9:14 AM ET) NEW YORK (MarketWatch) -- Goldman Sachs analysts on Thursday upgraded the oil service and oil drilling sector to attractive from neutral. "We believe we are in the early stages of a multi-year investment period and believe the recent correction provides an attractive entry point," Goldman said in a note to clients. "We are bullish on the outlook for crude oil prices through 2008 and believe exploration and production spending growth estimates are conservative." Diamond Offshoreremains a favorite, and analysts also upgraded Pride Internationalto a buy. Goldman reiterated buy ratings on Baker Hughes, Weatherford, and National Oilwell Varco.
Post a Comment