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Post by Blitz on Jan 7, 2022 16:01:27 GMT -5
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Post by bjspokanimal on Jan 7, 2022 19:50:26 GMT -5
This article seems strangely familiar with the thinking in my brain... right down to the
"inflection" nomenclature. I wonder if he comes to this forum?
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Post by mrtaxx on Jan 7, 2022 21:25:35 GMT -5
spok....ROTFLMAO
I saw the blitz link and then your comment and can't stop laughing!
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Post by Blitz on Jan 8, 2022 11:02:10 GMT -5
This article seems strangely familiar with the thinking in my brain... right down to the "inflection" nomenclature. I wonder if he comes to this forum? I thot you wrote it...  |
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Post by bjspokanimal on Jan 9, 2022 16:25:02 GMT -5
Must complement the author for a pretty complete profile with many supporting
graphics and stats. He included illustrations from the presentation materials
of 3 drillers and many article excerpts and industry projections.
He is correct that other oil service segments have started recovering before
the drillers, which is normal, since their services are needed as soon as
E&P picks up but typically before an inflection point in drilling that indicates
an impending up-trend in dayrates.
Still, even NOV is slow to get moving, even though it's book-to-bill ratios
were quickly starting to look healthy at +100 in most of their product lines.
So, there's still hesitancy among investors.
Finally, I would point out that there is market sector rotation going on from
high-P/E tech stocks to value stocks, and the drillers are clearly in the value
sector. Inflation and rising interest rates help to change people's perception
of "alpha" that way.
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