We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : Varco (VRC)

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Bluestryp who wrote (48)2/11/2000 7:46:00 AM
From: Shtirlitz   of 63
Recently, I had a thought that its time to buy oil service stocks myself. And VRC is one of the most undervalued in the sector.
Looks like someone has beat me to the punch.
With the increase in oil prices there is an emerging pressure on oil companies to unlock production cuts they made during the past couple years. When production cuts were in effect, nobody was buying equipment, and thats why VRC and alike were down. If production starts increasing, so will equipment sales.
Might be a time to buy.

Just IMO.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext