Tudor Says U.S. Rig Count to Remain 'Frustratingly Flattish' in 2016

摘要

Earnings results for the leading oilfield services (OFS) operators begin Friday with Schlumberger Ltd. kicking it off, and the conference call comments may set the tone for what to expect in North America over the coming year. Most energy investors think OFS pricing is at or near a bottom but it's going to get worse for onshore rigs before it gets better, according to a survey of clients by Tudor, Pickering, Holt & Co. (TPH). The survey of 200-plus energy investment clients was conducted in mid-December.