OIL SERVICE EQUITY (RIG & PUMP) UPDATE
Plus short JGB
One of the few industries that we recommend, given the overpriced stock market, is oil service. The core of our continued bullishness of our two selected oil service stocks (PUMP and RIG) is the outlook for continued high oil prices as seen below:
I believe the current price of $87 barrel will continue to foster strong oil/gas exploration spending given …
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