Natural Resources >> Analyst Interviews >> October 27, 2003

Outlook For Oil Services: G.allen Brooks – Cibc World Markets

G. ALLEN BROOKS is Executive Director of Oilfield Service Industry Research at CIBC World Markets. He joined Oppenheimer & Company in March 1997 in Houston to head up the firm's oilfield service research efforts. That franchise was expanded globally when Oppenheimer was acquired by CIBC in November 1997. Prior to joining Oppenheimer, Mr. Brooks was a Senior Vice President heading up the oil service industry research effort of Howard Weil. Prior to joining Howard Weil, he was a member of the senior management team at ENSCO International Incorporated, a Dallas-based international offshore contract drilling company. From 1969 through 1990, he worked as an oil service research analyst for several investment firms in Houston. From 1982 through 1988, he had a management consulting business, which provided market and financial research and litigation and bankruptcy support to offshore oil service companies and lenders to this industry. He is a graduate of The University of Connecticut with a BA in Economics. He holds a Master of Science degree in Economics from Cornell University. He was awarded the designation of Certified Financial Analyst in 1975. Profile
TWST: Allen, could you give us an idea of what has gone on in the oil

services segment over the past nine months from a business perspective?

Mr. Brooks: The level of commodity prices, which