Value Microcaps Motherboard

[cliffvb]

Oil services...I listened to Weatherford's (WFT) cc today. This huge oil services co. reported 53c vs 32c, which came in at estimates. What was interesting is that they said they have not seen any weakness in natural gas drilling. They also expect ng drilling to continue in equilibrium for at least the next 12 months while oil drilling continues at maximum possible growth. They expect the og service industry to remain strong to 2010. They said their biggest challenge is finding and keeping qualified labor.

That is in contrast this with the doom and gloom coming from some analysts, and while OG service stocks including drillers continue falling as if many of their rigs are being shut down.. I'll continue to add on weakness until my plate is full.

WFT did comment that canadian drilling operations were weaker than expected due to spring thaws/adverse weather which may well have accounted for some of the weakness in CFK today.