RBC Capital poll: Oil service stocks expected to rise in 2003

Energy experts are bullish about oil service company stocks for 2003 but more cautious about exploration and production stocks, according to an annual energy poll conducted by RBC Capital Markets.The poll was taken of the 400 participants at the RBC Capital Markets North American Energy Conference in Houston Nov.12-14. Participants included energy industry specialists, company representatives, institutional investors, and securities analysts.RBC Capital Markets is the global brand name for the corporate and investment banking divisions of the Royal Bank of Canada.Regarding stock performance, respondents forecast that the Oil Service Index would end 2002 at 84.49 and close 2003 at 98.83, r...

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