On January 26th, the offshore service sector, last year’s darlings of the US stock markets, took a bit of spanking by traders. While the stock prices of offshore companies have been steadily eroding for several weeks, as the charts indicate, the bears ran unusually fast and furious on January 26th after – indeed, during – a conference call given by Tidewater.
This is only an excerpt of Oilfield Services Stocks Get Drilled
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