The FinancialContent Network     SocialPicks Community   |   MarketMinute Monitor   |   MarketMinute Market Updates   |   MarketMinute Stock News
SocialPicks
   Sign Up   |   Log In   |   What is SocialPicks?     

Bullish on oil, bullish on Weatherford International

 Sep 29, 2009 08:00 PM UTC
Percentile Score: N/A
Tracked Blogger
Symbol Sentiment Start Return Closed
WFT n/a

Graphic_arrow1 Via BloggingStocks:  

Filed under: Stocks to Buy

Recent, soft natural gas prices have hurt oil/natural gas services company Weatherford International Ltd. (NYSE: WFT), but that in no way changes the company's positive long-term prospects, which is why I'm Reiterating my Buy rating for Weatherford, first recommended on June 4, 2009 at a price of $20.85.

The trough in oil/natural gas servicing will likely end in F2009; margin recovery may lag, but upstream capital spending should provide a nice tailwind heading into FY2010. Institutional investors have sensed this, and it's one reason they've been incrementally added to their WFT positions since March. The First Call FY2009/FY2010 EPS estimates for WFT are 72 cents to $1.12.

Continue reading Bullish on oil, bullish on Weatherford International

Bullish on oil, bullish on Weatherford International originally appeared on BloggingStocks on Tue, 29 Sep 2009 15:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments



Add to digg
Add to del.icio.us
Add to Google
Add to StumbleUpon
Add to Facebook
Add to Reddit
Add to Technorati




 Graphic_website1 Read the rest of original post »



Add Comment

Be the first to comment on this story and earn 2 points.

Your Comment



IN THE PRESS
Press_forbes Press_washingtonpost Press_wsj Press_npr Press_techcrunch