CBS Earnings Preview: What to Watch
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The following commentary comes from an independent investor or market observer as part of TheStreet’s guest contributor program, which is s...
Tech Oil
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From Barron's 5-28-07The New Drill Masters.
"It pays to be technologically clever in the energy business. In what is becoming a race to replace rapidly depleting oil and gas reserves, technology is increasingly playing a decisive role. "The easy oil is gone; the next barrel is always going to require more technology to extract," says Geoff Kieburtz, managing director and oilfield service analyst at Citigroup."
These energy companies and services providers are displaying a flare for technology. Though their stocks are at the high end of 52-week ranges, their price-earnings multiples are still reasonable.
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