3 Potential Opportunities in the Oil & Gas Drilling Industry
Helmerich & Payne(HP) Zacks Investment Research·2024-04-25 21:11
Lately, the Zacks Oil and Gas - Drilling industry has faced setbacks due to the conclusion of their lucrative legacy contracts, uncertainties surrounding the slowdown in upstream capital spending growth, and inflationary pressures. Despite these macro challenges causing a slowdown in activity, we believe there are opportunities for growth-oriented operators focused on efficiency initiatives. Our watchlist for investors includes Saipem SpA (SAPMF) , Helmerich & Payne (HP) and Precision Drilling Corporation ( ...