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 traditional playbook do investors follow in the context of US land spending?

Which companies were mentioned as having good exposure to secular growth?