The winter drilling season started with a bang this year as the number of rigs in the ground last week reached 83% utilization rate, a 5 year high as producers kicked off their drilling programs.
Obviously, thanks to high oil prices, it’s open season in the hunt for liquids (oil & liquids rich natural gas). This is a level of activity not seen since January 2006 and a great way to profit from this strong start is through the drilling and services companies which in my opinion are currently trading at a compelling valuation.
Who would you pick in the services & drilling sector?
Quebec Backs Alberta’s Energy Initiative
Goldman Sees Massive Upside Risk in Oil Prices
If This Bill Passes, Say Goodbye to Free Speech on the Internet (Financial God)
Our Ambitious 2012 Personal Finance and Investing Goals (My Own Advisor)
How NOT to Invest in Water (101 Centavos)
Yakezie Carnival – Credit Cards Edition hosted at Prairie Eco Thrifter
Hope you had a Great Weekend!