Jim Wicklund
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Jim Wicklund
companies credit market
The market doesn't give these companies much credit because it's a non-recurring event.
annual economy fourth growth impact news posted provided quarter rate results strength
News that the U.S. economy posted a weaker-than-expected 1.1% annual growth rate for the fourth quarter ... did not impact the oil-service stocks, which rallied by 1.8% (Friday) on the strength of better-than-expected quarterly results provided by Halliburton.
commodity high improvement industry level prices thinks year
The industry has done well this year and commodity prices are up so high that no one thinks there is any substantial improvement to this year's level of activity.
activity based commodity economic given good moderation positive possible potential prices remain remains returns risk spending squeeze visibility worry
We remain positive based on economic activity and E&P spending; we're also positive on 2007 but see some risk to E&P spending given the potential squeeze on returns (with) a possible moderation in commodity prices in '07. Visibility remains too good to worry too early, however.