For Reference's sake + According to Lehman Brothers, OIL and GAS companies will spend $420 BILLION on Energy Exploration and Production activities worldwide in 2008.
This represents a 20 percent increase over 2007 E+P spending.
This represents a 20 percent increase over 2007 E+P spending.
Members of the Oil + Gas Services Industry (the 'investible' beneficiaries of the above $pending) : National Oilwell Varco (NOV), Transocean (RIG), Halliburton (HAL), Schlumberger (SLB), Baker Hughes (BHI), Noble Corp. (NE), Diamond Offshore Drilling (DO), Pride International (PDE), ENSCO International (ESV), Rowan (RDC), Hercules Offshore (HERO), Nabors Industries (NBR), Atwood Oceanics (ATW), FMC Technologies (FTI), etc.
Data Courtesy: Lehman research
Full Disclosure: I own shares of RIG.
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