Tuesday, July 31, 2007

Wheels Greased For Mergers In Oil Services

July 30 - Forbes - Worries of fading buyout activity rattled U.S. equity markets last week, but the M&A action could just be starting in the oilfield services and equipment sector.

Bear Stearns analyst Robin Shoemaker said Monday to expect more deals making among oilfield services and equipment companies. He said a shortage of skilled labor, competition for a technological edge and overcapitalization will push further consolidation. Read More.

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