Sunday, January 22, 2006

Lunch time in oil service.

RBC Capital Markets analyst Kurt Hallead appeared on CNBC Friday morning. He's bullish on the oil service sector and thinks it goes up 30% this year.

That's great, except it's already up 17% or so.


It’s hard to find a better place to invest today than in shares of oilfield-services companies, according to Kurt Hallead, who analyzes the sector for RBC Capital Markets.

“Oil services are now attractive to many different investment styles, from value to growth to momentum,” Hallead told CNBC’s “Squawk Box” on Friday. “We expect to see substantial new money flow into oil services.”