After the BP Deepwater Horizon disaster, stocks of oil service companies that perform work in the Gulf of Mexico have fallen heavily. However according to a Bloomberg BusinessWeek article these stocks offer opportunities for investors with a long-term view.
The following oil service companies are mentioned in the article:
- Cameron International (CAM)
- Halliburton (HAL)
- Transocean (RIG)
- Diamond Offshore(DO)
- Baker Hughes (BHI)
- Noble Group (NE)
- Ensco International (ESV)
- National Oilwell Varco (NOV)
- FMC Technologies (FTI)
- Dril-Quip (DRQ)
- Oceaneering International (OII)
- Subsea 7 (Ticker on the Frankfurt Stock Exchange: S8J)
Founded in 1854, Subsea 7 is a Norwegian company with a “focus on the growing high-tech and high-value deepwater subsea umbilical, riser and flowline markets in Africa, Asia Pacific, Brazil and the Gulf of Mexico, but also retains a leading role in the North Sea.”
According to the 2009 rankings by PFC Energy, Schlumberger (SLB) is the world’s top oil-service company. The list of the Top 15 Global Oil Services Firms can be found here. The Top 15 Global Drilling and Seismic Companies for 2009 can be found here.
