PENNYBUSTER'S PENNY BUSTIN PLAYS!!

[Let's Roll]

$MMHC The future for oilfield equipment growth has a positive outlook. According to the U.S. Energy Information Associations Short-Term Energy and Summer Fuels Outlook report, U.S. crude oil production averaged an estimated 8.9 million barrels per day (b/d) in 2016. U.S crude oil production is forecast to average 9.2 million b/d in 2017 and 9.9 million b/d in 2018. EIA expects oil prices in 2017 to be about $10 higher per barrel than they were last year. In February 2017 Jude Clemente at Forbes.com said, "In fact, the U.S. oil and gas industry is expected to boost spending this year by about 35%, and rig counts continue to climb. Since the OPEC production cut deal end-November, our oil rig counts have increased by 125, and at 602, are at their highest levels since October 2015. The feeling is that OPEC and its non-OPEC partners will agree to another cut starting in July."

https://finance.yahoo.com/news/letter-president-medically-minded-inc-120000976.html