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Fly News Breaks for April 15, 2015
WFT, NBR, CAM, PTEN, HAL
Apr 15, 2015 | 08:58 EDT
BMO Capital believes that oil macro indicators are improving, as U.S. oil production appears to be falling sooner than expected and peaking at a lower level, according to the firm. However, the firm adds that cyclical bottoms are typically choppy and consequentially recommends buying oil services stocks on dips following their recent run. It identifies Halliburton (HAL) and Patterson-UTI (PTEN) as its top picks followed by Cameron (CAM). For investors with a higher risk tolerance, the firm recommends Nabors Industries (NBR) and Weatherford (WFT).
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