Oil Prices Fall, Oil and Gas Equipment & Service Providers Fall Harder
Oil prices have fallen from over 100$ per barrel to $82.77 (WTI) yesterday. However the stock prices of many of the companies that produce the equipments for the insustry and provide services have fallen much harder.For example, France-based CGG (CGG) is down nearly 58% year-to-date. The following are five of the foreign Oil and Gas Equipment & Service Providers …
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