Oilfield Service's Outlook Appears Solid: 3 Stocks to Watch
Baker Hughes(BKR) Zacks Investment Research·2024-01-25 22:16
The oil pricing environment continues to be favorable for upstream activities, thereby brightening the outlook for oilfield service companies, at least for 2024. Three companies from the oilfield space that are well poised to gain are Halliburton Company (HAL) , SLB (SLB) and Baker Hughes Company (BKR) .Oil Price Still HighWest Texas Intermediate crude price is trading at more than $75 per barrel, which is highly favorable for exploration and production activities. Also, in its short-term energy outlook, th ...