Our special focus this week is on Domestic Oil Services. We spoke with several analysts about the state of oil services, and Mark Urness of Calyon Securities gave us his insights into what 2008 holds, domestically, for oil services:

Mr. Urness: I think it is going to be more of the same to a large degree, with more pressure on costs and less pricing power, if you will. Clearly, North America is going to be a challenging market for most companies this year in terms of being able to offset cost increases, and price increases will be few and far between, at least until we start to see the rig count move back up again.

For the complete Oil Services Roundtable, including perspectives from 3 other analysts and stock picks, click here.

This entry was posted on Wednesday, February 20th, 2008 at 5:45 pm and is filed under Natural Resources Stocks. You can follow any responses to this entry through the RSS 2.0 feed.