Shares in oil services companies have suffered as the price of oil falls. But there could be bargains for brave investors, says Breakingviews.
I feel it assists for Europe's oil service stocks is ever Don not following OPEC's meeting to maintain output levels says is going to break he uses his that's a rococo. I joins us here if I'm aren't missing the point service. Petrified which is listed in the UKC. Drill which is listed wet. Pulse after it sorry I moved out we've seen companies like this forming. Gaza until. No great surprise desperate now but yet who wrote this piece piece of late and and based on some of the research he's read things that. These are these are good bye and clothing. These are nice great surprises but Petra facts as a down 30% this week that does the suggests that but some sort of surprised. That's being built into it but he was one very important OPEC meetings and history. I mean it's not surprising that the does that warrant on the back of that translates into a massive ship roster as a. Not coastal but. Some two vehicles pups is very I'm usually acts effect I've. Burton DM. Yes is. Which has made it maybe it was but really this is about low price of oil and I'm via the relevance of OPEC is that. It doesn't seem like an effect. It's. He's going to happen about Latin from the cartel. Any time. Since I've. And the human. The chip prices fueled wages are falling as well on the back of that but I decided that you know there is some good views some I met lines. Poking up this morning as a result of the hopes for. Permanently. Lava fuel prices but. I mean that the protons make here is what a tunnel under underestimate the difficulties. In trying to underestimate the fact that span oil price love wearing. Coupled wage I tightening of budgets among real nice ages. He's making life difficult. Full these oil services companies among those. You mentioned and some others but I tried on a multiple of ten times earnings and without getting too technical on you Axel. That's cheap. And I'm oddity if you cut the expression. That the best way to make money from investigators to. Buy low and sell high and the united you body I would stokes alive because. And their lives for. Jason I'd say it's it's it's simply just trying to site is a big big big the good thing gonna do him recite all these companies governor bust. Is this industry guide to sip tea and if you if you can also those questions. It seems the likely that these says much about I asked him. I sat media and definitive guide says an edit the bashers may well we justified its if this significant since ago cross profiler and stay that bridge the statute that the Bernstein arms stats. Did they say that and and it's just what mentioned this from prison to keep the European sector source 78 swings of more than 15% in the week since 2003 until June this year. I mean absolutely amazing. And I think you're in the piece it's also points out that when. Here's these kinds of says it hit very hall when oil fell below fourteen. Dollars. I'm. Let's a brute rebounded. Very strongly. I mean that's I engineers that we too complacent the united there is some kind of maxis of didn't malfunction in deal. Industry but I signed tat it's the same time complacency. Can beat. If it becomes it actually look by simply come expects to take a step back. Look at things ever been a time. Possibly which is treatment. Because very much of a child's keep McPeak as as time passes and if you bought something which is expensive. But you know as Dave about Robert Colbert previews so you finest piece across from mass at Fairmont problem over at a breaking news web sites that's it for me I'm axle truffle is his choices.