Oil-service companies' financials improve as industry demand rises

摘要

Though there is a lingering fear that the oil-service industry may suffer from higher raw-material costs,high commodity prices and improved dayrates were helping companies meet or exceed earnings expectations as they approached year-end.Robert Ford,an analyst with Sanders Morris Harris,says the rig count finally flattened in the third quarter."First,availability of shallow-and medium-depth rigs is in very short supply and the large contractors with excess capacity...are taking their time reactivating stacked rigs.