OGJ Newsletter

06/10/2002
Market MovementAnalyst: E&P, service stocks remain promisingThe oil and gas industry is in the early stages of a cyclical upturn, with "significant upside" remaining for investors in exploration and production companies and oil field service firms, says Raymond James & Associates Inc., St. Petersburg, Fla."Looking out 6-9 months, the fundamental picture is still very bullish," said J. Marshall Adkins, Houston-based market analyst for Raymond James. Click here to enlarge image"The short-term outlook on the stocks is a bit more cloudy," Adkins acknowledged. Barring a major event affecting Middle East oil supplies, he said, "We see no highly visible catalyst over the next several weeks that...
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