Natural Resources >> Sector Roundtables >> July 21, 1997

Roundtable Forum: Investing In The Oil Services Industry

RUSSELL J. HOFFMAN, is Vice President, Corporate Communications for Seitel, Inc. Mr. Hoffman had been the Senior Oil Services/Contract Drilling Analyst and a Managing Director at Bear, Stearns and Co., Inc. Prior to joining Bear, Stearns in 1993, Mr. Hoffman was a Vice President at Raymond James & Associates (1992-1993) covering oil and natural gas exploration and oil service/contract drilling companies. A published author of several magazine articles on business and the energy industry, Mr. Hoffman is a member of the New York Society of Securities Analysts, and the National Association of Petroleum Investment Analysts. Most recently, he correctly identified the turnaround in the natural gas industry, leading The Wall Street Journal to cite Mr. Hoffman as the top Oil Service Analyst in their 1993 All-Star Analyst survey, and runner-up in 1995 and 1996. In July 1996 he was presented The Smart Money Magazine Hot Analyst award. He earned a Bachelor of Science degree in Business Administration and Experimental Psychology from the University of South Carolina. Profile
RODERICK D. MCKENZIE JR. is a Managing Director at Jeffries & Co., previously affiliated with Southcoast Capital, Simmons & Company International, and Schlumberger and Halliburton. He is a graduate from the University of Alabama where he earned his BS in Electrical Engineering, and from the University of Houston where he earned his MBA. Mr. McKenzie is married and has two children. Profile
RICHARD A. HOLMAN is the Editor and Publisher of The Wall Street Transcript, which he founded in 1963. In addition, he is the Editor and Publisher of the Diplomatic World Bulletin, the Art/Antiques Investment Report and Wall Street Reports. He received his A.B. degree from Cornell University, his Doctor of Jurisprudence from Harvard Law School and his LL.M. degree in Taxation from the Graduate Law School of New York University. Profile
Wicklund, James K.
James K. Wicklund, a Managing Director at Credit Suisse Group in the Investment Banking Division, is responsible for covering the U.S. oilfield equipment and services sector. Prior to joining Credit Suisse Group, Mr. Wicklund spent the last four years at Carlson Capital running a diversified energy portfolio. Before moving to the buy side, Mr. Wicklund spent 15 years as an Oilfield Services Analyst, beginning at Rauscher Pierce and moving on to Banc of America Securities, where he was ranked number one in the Institutional Investor and Greenwich Associates surveys over multiple years. He is a member of both the Society of Petroleum Engineers and the Society of Exploration Geophysicists. Mr. Wicklund holds bachelor's degrees in both physics and business administration and finance from Southern Methodist University. Profile
GEOFREY B. KIEBURTZ is Salomon Brother's Oilfield Service Analyst, currently covering 39 companies in the industry. From 1978 to 1986, Mr. Kieburtz worked for Schlumberger in the Wireline division as a field engineer, location manager and various marketing and technical management positions, all of which were international assignments including Norway, the United Kingdom, Pakistan and Egypt. From 1988 to 1992, Mr. Kieburtz worked for Marakon Associates, a general management consulting firm, where he was a senior manager. He holds a Bachelor of Science degree in Mechanical Engineering from Stanford University (1978) and a Master's degree in Management from the Yale School of Management (1988). Profile
DANIEL R. PICKERING is a Vice President at Simmons & Company International, previously affiliated with Fidelity Investment and ARCO Alaska. He is a graduate of the University of Missouri where he earned his BS in Petroleum Engineering, and from the University of Chicago he earned his MBA. He is a member of the SPE and the NAPIA. Mr. Pickering is married and in his free time enjoys reading and basketball. Profile
TWST: Give our readers a quick rundown of what you see that's happened

to the oil service stocks over the last year and why you think they

performed the way they did.

Mr. Pickering: Over the