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Fly News Breaks for May 18, 2016
WFT, NBR, BHI, SLB, HAL
May 18, 2016 | 07:19 EDT
RBC Capital notes that oil prices have risen about 80% off their February lows, while an index of oilfield services stocks has risen only 30% since its late January low. The firm thinks that oilfield services stocks will rise further from current levels. It identifies the following stocks as its favorites in the sector: Halliburton (HAL), Schlumberger (SLB), Nabors Industries (NBR), Baker Hughes (BHI), and Weatherford (WFT).
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