NEW YORK (MarketWatch) -- Dahlman Rose & Co. on Tuesday said it expects worldwide oil and gas exploration spending to rise by 9% to a record $595 billion in 2012. Analyst James Crandell based his projection on a survey of 460 companies. Capital spending in the U.S. is expected to increase by 11%. "The results of our exploration and production spending survey support our thesis of a long upcycle...in spending internationally, as well as our emphasis on beneficiaries of horizontal drilling in the shales and the increase in ultra-deepwater drilling," Crandell said in a note to clients. "We continue our broad-based positive stance toward investing in the group, with a focus on large-cap oil service and equipment companies /quotes/zigman/1470028 OSX +0.07% , land drillers, and North American services."
/quotes/zigman/1470028
Volume: 0.00
Dec. 30, 2011 5:30p
Source: http://feeds.marketwatch.com/~r/marketwatch/marketpulse/~3/_MCSyyU5LME/story.aspx
cain gingrich debate andy rooney dies andy rooney dies bank transfer day daylight savings 2011 day light savings day light savings
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.