InvestorsHub Logo
Post# of 16
Followers 123
Posts 7286
Boards Moderated 0
Alias Born 07/06/2012

Re: T695 post# 14

Thursday, 08/27/2015 3:27:06 AM

Thursday, August 27, 2015 3:27:06 AM

Post# of 16
J.P. Morgan analyst Sean Meakim sees no recovery for oil services companies before 2017 at the earliest, anticipating a protracted period of fits and starts in activity before the sector’s overcapitalization is sufficiently eased through consolidation and attrition.

Although the next 4-6 quarters likely will be extremely painful for the sector, Meakim thinks the more pain endured in the near term means more gain will be available for the survivors in the eventual next up-cycle.

Purely My Own Opinion. Do Your Own Due Diligence.

“Formula for success: rise early, work hard, strike oil.” - J. Paul Getty

Day Range:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
Recent MRC News