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John Lounsbury

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  • Oil Service Companies: Time to Buy? [View article]
    solrac - - -

    I replied to your comment here: http://seekingalpha.co...
    Feb 22 01:57 PM | Likes Like |Link to Comment
  • Oil Service Companies: Time to Buy? [View article]
    Vol Fan - - -

    This correction is a little late but I had bought one oil service stock. On July 17, 2010 I bought SDRL. Just noticed my comment here and was alerted to my error having recently completed portfolio reviews for all my clients.
    Feb 22 01:53 PM | Likes Like |Link to Comment
  • Oil Service Companies: Time to Buy? [View article]
    Vol Fan - - -

    I have continued to follow this sector and have not bought anything yet. I think the time will come in 2011 when I'll start to nibble. Of course, if oil surges a lot further it will then collapse again and oil service companies are not going to be happy campers in that event. The sweet spot for these guys will be for oil to stay in a range between $70 and $120 for the next couple of years. In that event there will be increased exploration and there should not be a significant price collapse (barring a new recession).

    I do not think that dividend screening is a productive way to look at this sector. I do a lot of dividend investing and I can't recall ever seeing an oil service company show up on my dividend screens. It may have happened, but if it did it has happened rarely (and not recently).
    Feb 23 03:50 PM | 1 Like Like |Link to Comment
  • Oil Service Companies: Time to Buy? [View article]
    Steve - - -

    You have mentioned a good possible reason that oil service has not yet responded to the recent oil price rise: Investors are betting the price will come back down.

    An oil price decline is not an impossibility.
    Jan 22 12:31 AM | 1 Like Like |Link to Comment
  • Oil Service Companies: Time to Buy? [View article]
    Triple - - -

    I think that a screen for stocks $5 to $10 might be worthwhile to look for some stocks with a high potential for a quick double. DVR looks like something worth trying to time.
    Jan 20 08:11 PM | 3 Likes Like |Link to Comment
  • Oil Service Companies: Time to Buy? [View article]
    Mayo - - -

    Strategy sounds good but you need to change weather forecasters.
    Jan 20 07:45 PM | 4 Likes Like |Link to Comment
  • Oil Service Companies: Time to Buy? [View article]
    Texas Tea - - -

    Once I saw the screen results I had to look up the data on SLB to see why it wasn't included. I neglected to mention the PE value in the article. Thanks for posting the info.

    I agree that SLB should be added to the screening results for further research.
    Jan 20 07:43 PM | 3 Likes Like |Link to Comment
  • Oil Service Companies: Time to Buy? [View article]
    Maya - - -

    The reason KEG did not pass my screen is that it had negative earnings for the past year.

    KEG has an average analysts' estimate for the next year which is positive, but only $0.04. That makes the forward PE about 250. The average estimate for annual growth over the next five years is 2%. That means the PEG s way over 100.

    I would have to dig a lot deeper to get enthusiastic about KEG.
    Jan 20 05:35 PM | 6 Likes Like |Link to Comment
  • Oil Service Companies: Time to Buy? [View article]
    Scrooge - - -

    There are a number of reasons why HERO didn't pass my screen:

    1. It sells for less than $10 a share.
    2. It has negative earnings for the trailing twelve months.
    3. It has expected negative earnings for the next 12 months.
    Jan 19 10:38 PM | 1 Like Like |Link to Comment
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