services backlog cushions oil volatility
I like BKR and other oilfield services names as relatively durable longs because services firms typically see steadier cash flow and are less prone to violent headline-driven pullbacks than pure upstream producers.
Oilfield services contract backlogs provide steadier cash flow and shield Baker Hughes from the violent headline-driven pullbacks that typically hit pure upstream producers during commodity price dislocations.
Publish-day $60.70 · 04/06
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