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CHICAGO--(BUSINESS
WIRE)--Zacks.com releases the latest Analyst Interview. Today’s interview is with senior analyst Sheraz Mian, who
Halliburton (NYSE: HAL), Baker Hughes (NYSE: BHI), Diamond
Offshore (NYSE: DO), Transocean (NYSE: RIG) and Pride (NYSE:
PDE).
A synopsis of today’s Analyst Interview is presented
below. The full article can be read at http://at.zacks.com/?id=2678.
How would you advise investors looking to play the oil & gas space
over the next quarter or two?
Almost all of the oil and gas sub sectors have been under pressure in recent
days due to the weakness in oil prices. On the whole, stock prices still reflect
long-term oil prices that are significantly below current levels; so they have a
lot of room to catch up. Some of these were cheap even before the current oil
price weakness and are currently at very attractive levels.
One major sub-sector is oilfield services and drilling. These companies do
not need oil prices to be around $130-$140 to make a lot of money; they will be
doing equally good in a $90-$100 oil environment. My top picks in this group
include Halliburton (NYSE: HAL), Baker Hughes (NYSE: BHI),
Diamond Offshore (NYSE: DO), Transocean (NYSE: RIG) and
Pride (NYSE: PDE), to name a few. While the first two are integrated
service companies, the last three are offshore drillers, with rigs capable of
operating in very deep waters.
Zacks "Profit from the Pros" e-mail newsletter provides highlights of the
latest analysis from Zacks Equity Research. Subscribe to this free newsletter
today by visiting http://at.zacks.com/?id=2679.
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