Oil - Service, Equipment, Pipelines etc

[winston]

Keep an eye on this under-the-radar way to profit from the oil bust

by Matt Badiali

Today, business is brisk for auctioneers in the oil patch. One of the biggest beneficiaries is Vancouver-based Ritchie Bros. Auctioneers (RBA).

Ritchie is a global leader in used-equipment sales. In 1980, the company had less than $100 million in gross auction proceeds. It has grown that amount by 11.4% every year since – to $4.25 billion last year.

Source: Stansberry Resource Report

http://thecrux.com/add-this-under-the-r ... ist-today/

[winston]

Beaten down Malaysian O&G stocks offer buying opportunities

KUALA LUMPUR: The volatility in crude oil and fall in oil and gas (O&G) share prices have opened a window of opportunity to trade beaten down stocks, according to Maybank Investment Bank Research.

“We upgrade Icon, Perisai Petroleum Teknologi Bhd, SapuraKencana Petroleum Bhd (SapKen) and UMW O&G to trading buys, with unchanged target price. These stocks, in our view, are oversold, attractively valued, high beta proxies to any potential rebound in oil prices and weaker US dollar,” Maybank IB said.

The research house said the steep correction in share prices offers periodic, alpha opportunities to pick up oversold, undervalued and sentiment depressed stocks.

“In our view, concerns over potential kitchen sinking exercises and incoming poor fourth quarter 2015 results have largely been priced in, from the recent selldown. Valuations of certain stocks like Icon, Perisai, SapKen and UMWOG have turned attractive, with some trading below 1x EV/replacement value,” Maybank IB said.

The 16% fall in crude oil price in 2016 year-to-date (dated Brent) to sub-US$30 per barrel, lifting of international sanction against Iran, Petronas’ RM50bil capital expenditure cut and stronger US dollar have sustained the volatility and weakness in the O&G sector.

“All the O&G stocks under our coverage have experienced a 7%-21% fall in share prices in 2016 year-to-date and underperformed the KLCI.

“With the steep plunge in oil price, the likelihood of an asset impairment exercise in fourth quarter 2015 is looking more likely. Icon, Perisai, Sapken and UMWOG are possible candidates, in our view. Nonetheless, these remain accounting and non-cash flow item,” Maybank IB said.

Source: The Star

[winston]

Thai Oil: Rising Too Much, Too Fast; HSBC Cuts To Sell

By Shuli Ren

Thailand’s two large-cap oil and gas companies PTT (PTT.Thailand) and PTT Exploration & Production (PTTEP.Thailand), or PTTEP, have already gained 14% and 35% this year.

By now, their valuation has become detached from fundamentals, according to HSBC.

Source: Barron's Asia

http://blogs.barrons.com/asiastocks/201 ... s-to-sell/

[behappyalways]

don-t-get-hopes-up-for-sustained-keppel-sembcorp-marine-rally
http://www.bloomberg.com/news/articles/ ... rine-rally

[winston]

Put These Stocks On Your Watch List Today

By Brian Weepie

Oil is getting its swagger back.

Since its low in February, the price of oil has risen more than 78%.

Unfortunately, the latest uptick was too little, too late for several energy companies that have filed for bankruptcy recently, including major energy producers SandRidge Energy, Linn Energy, Penn Virginia, and Breitburn Energy Partners.

Source: S&A Resource Report

http://dailytradealert.com/2016/05/21/p ... t-today-2/

[winston]

Put These Stocks On Your Watch List Today

By Brian Weepie

Oil is getting its swagger back.

Since its low in February, the price of oil has risen more than 78%.

Unfortunately, the latest uptick was too little, too late for several energy companies that have filed for bankruptcy recently, including major energy producers SandRidge Energy, Linn Energy, Penn Virginia, and Breitburn Energy Partners.

Source: S&A Resource Report

http://dailytradealert.com/2016/05/21/p ... t-today-2/

[winston]

Put These Stocks On Your Watch List Today

By Brian Weepie

Oil is getting its swagger back.

Since its low in February, the price of oil has risen more than 78%.

Unfortunately, the latest uptick was too little, too late for several energy companies that have filed for bankruptcy recently, including major energy producers SandRidge Energy, Linn Energy, Penn Virginia, and Breitburn Energy Partners.

Source: S&A Resource Report

http://dailytradealert.com/2016/05/21/p ... t-today-2/

[winston]

These Two Stocks Should Continue to Rise as More Oil Wells Come Online

By Matt Badiali

The rising rig count means that there will be more new wells drilled.

New wells need service, so companies like Schlumberger (SLB) and Halliburton (HAL) should get a boost.

These companies specialize in well services… from testing, to fracking, to plumbing.

Both of these oilfield giants should continue to rise as more wells come online.

Source: The S&A Resource Report

http://dailytradealert.com/2016/06/17/t ... me-online/

[winston]

The Easiest Way to Profit from "Range-Bound" Oil

By DR. KENT MOORS

Among the many currently available funds, the best straight exposure to oil is United States Oil Fund LP (NYSE Arca: USO), while a good exposure to the broadest range of producers is provided by SPDR S&P Oil & Gas Exploration & Production ETF (NYSE Arca: XOP).

If instead you're most interested in oil field services – the market segment that is likely to experience improvement first, before oil producers themselves – the fund to look at would be VanEck Vectors Oil Services ETF (NYSE Arca: OIH).

Source: Oil & Energy Investor

http://moneymorning.com/2016/07/15/your ... bound-oil/

[behappyalways]

Singapore Oil Rigs' Bad Habits
http://www.bloomberg.com/gadfly/article ... bad-habits