Forbes Article by BetterTrades

10-15-09

Drilling Down For Baker Hughes

The oilfield services segment is awash with black gold opportunities, after a bearish June made valuations in the energy sector very attractive.

June was a tough month for drillers and oilfield servicers. The Oil Service HOLDRS ETF (OIH) dropped 20% from June 12 through the end of the month, dragged down by big holdings in Transocean ( RIG - news - people ), Halliburton ( HAL - news - people ) and Noble Corp. ( NE - news - people ), which has dropped 20.3%.

Forbes Article by BetterTrades