Energy service stocks have had a pretty good run in 2013, even despite
the fact that the expected second-half recovery in rig counts and
activity doesn't seem to be materializing and pricing pressures are
combining with cost inflation to squeeze margins in the U.S. land
market. Even though Superior Energy Services' (SPN)
shares are up more than 30% over the last twelve months, the stock
still appears to be undervalued on the basis of good growth in offshore
and international markets and the prospects for a recovery in the U.S.
onshore market in 2014. Couple that with strong margin discipline and a
commitment to return capital to shareholders, and I believe this name
still deserves consideration from investors looking to add energy
exposure.
Please continue here:
Superior Energy Services Looks To Live Up To Its Name
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