Tech Oil
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Date updated:05-26-2007

From Barron's 5-28-07

The New Drill Masters.

"It pays to be technologically clever in the energy business. In what is becoming a race to replace rapidly depleting oil and gas reserves, technology is increasingly playing a decisive role. "The easy oil is gone; the next barrel is always going to require more technology to extract," says Geoff Kieburtz, managing director and oilfield service analyst at Citigroup."


These energy companies and services providers are displaying a flare for technology. Though their stocks are at the high end of 52-week ranges, their price-earnings multiples are still reasonable.

symbol name last price % change open
  • +
  • APA
    Apache Cp
  • $97.19
  • -1.23%
  • $98.27

No Analysis added

People owning APA also tend to own: BGCBHPCBIIPSSSRIAAPLAUY

TheStreet.com Rating: C+ What is this?

  • +
  • DVN
    Devon Energy Cp (
  • $66.14
  • -0.88%
  • $66.63

No Analysis added

People owning DVN also tend to own: AFLBABACBAXBENCMCSACSCO

TheStreet.com Rating: C- What is this?

  • +
  • EOG
    Eog Resources Inc
  • $91.58
  • -1.38%
  • $92.54

From Barron's 5-28-07 "Still, investors don't have to pay lofty valuations for stocks like EOG (EOG) and Devon (DVN), which is why Byrne has Buy ratings on both. He believes EOG, now trading at around $75.88 a share, down from a 52-week high of nearly $80 last spring, after a selloff in natural-gas prices, is worth closer to $84 a share. Trading at 16.4 times earnings, it's a bargain, Byrne believes. He cites the company's demonstrated ability to deploy new horizontal drilling technologies to open up entirely new natural-gas reserves in the difficult-to-drill Barnett Shale region in Texas."

People owning EOG also tend to own: AFLBABACBAXBENCMCSACSCO

TheStreet.com Rating: B- What is this?

  • +
  • SLB
    Schlumberger Ltd
  • $62.12
  • +0.10%
  • $62.23

No Analysis added

People owning SLB also tend to own: ACIAINVANRAPCBBDBTUCHK

TheStreet.com Rating: B- What is this?

  • +
  • WFT
    Weatherford Intl
  • $14.97
  • -1.32%
  • $15.34

From Barron's 5-28-07 "Then there is Weatherford International (WFT), an oil-services company that boosted R&D spending to $150 million in 2006 from $84 million in 2004 and now accounts for more oil-field technology patents than any company other than Halliburton (HAL)."

People owning WFT also tend to own: DENNRIRIGVLOCHUESRXMO

TheStreet.com Rating: C What is this?

Portfolio not tracked!

05/30/2007 12:07 PM CDT Asked by Neil Bonner
Surprised that SPN is not in the list. Great oil services company.

05/26/2007 17:23 PM CDT Asked by Goldy
need abp!!!!!

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