What to Buy, Sell & Hold in Oilfield Services

The video discusses recent declines in oil prices and the subsequent lowering of estimates by Jefferies for 2015 and 2016. It highlights the impact of these changes on spending and investment strategies, with a focus on specific stocks that have been downgraded. The discussion also covers future oil price projections, suggesting a slight decline before stabilizing around $72 per barrel by mid-2015. Despite the challenging market conditions, potential investment opportunities are identified, particularly in higher quality stocks like HP, Halliburton, and Cameron, which are expected to benefit from secular growth.

What was the revised Brent oil price estimate for 2015 according to Jefferies?

• $72

• $85

• $90

• $60

By mid-2015, what price is oil expected to stabilize at?

• $90

• $80

• $72

• $60

What is the general consensus about the oil market's short-term future?

• It will improve immediately

• It will crash completely

• It will remain stable

• It will worsen before improving

Which company is NOT mentioned as having good exposure to growth in the oil sector?

• Halliburton

• ExxonMobil

• Cameron

• HP

What strategy have investors traditionally followed in response to spending cuts in US land?

• Maintaining current spending levels

• Investing more in US land

• Increasing spending gradually

• Cutting spending hard and fast