SOURCE: StockCall

StockCall

January 12, 2011 08:19 ET

Equity Research on Flotek Industries Inc. and Baker Hughes Inc. - Profits and Oil Prices Surge but Concerns Remain

JOHANNESBURG, SOUTH AFRICA--(Marketwire - January 12, 2011) -  www.stockcall.com/ offers investors comprehensive research on the oil & gas equipment & services industry and has completed analytical research on Flotek Industries Inc. (NYSE: FTK) and Baker Hughes Inc. (NYSE: BHI). Register with us today at www.stockcall.com/ to have free access to these researches. 

Oil prices continue to hover around $90 a barrel and the profits reaped by drillers and refiners are beginning to trickle down to the services industry as well. As profits from oil surge, capital expenses into servicing and upgrading are on the rise. Register now at https://stockcall.com/development/stockcall/page.php?name=register.html to have free access to our reports on the oil & gas equipment & services industry.

www.stockcall.com/ is an online platform where investors doing their due-diligence on the oil & gas equipment & services industry can have easy and free access to our analyst research and opinions on Flotek Industries Inc. and Baker Hughes Inc.; investors and shareholders of these companies can simply register for a complimentary membership at https://stockcall.com/development/stockcall/page.php?name=register.html

Despite the high price of oil and profits seen through the oil industry, the number of oil and natural gas rigs dropped every week in December to a 10 month low. In the last week of 2010, natural gas rigs declined by 12 to 919 and oil rigs fell by 6 from 771 to 765. Combined, total rig count dropped by 20 to 1,694. The declines are not alarming but the oil and gas services industry will certainly be monitoring this trend during the first few months of 2011. Visit www.stockcall.com/ to see how companies in this industry have grown over the past years and how they are expected to perform in the future.

The yet to be completed BP oil spill investigation still looms over the industry to some extent. Resolution of the investigation and subsequent fines could be detrimental to companies which provided equipments and services.

Overall, high oil prices and profits throughout the oil & gas equipment & services industry which include players such as Flotek Industries Inc. and Baker Hughes Inc. bode well for the natural gas and oil services industry. Declining rig counts and the resolution of the BP investigation are subplots to monitor moving forward though. Flotek Industries Inc. and Baker Hughes Inc. research reports are accessible for free by registering today at www.stockcall.com/FTK120111.pdf or www.stockcall.com/BHI120111.pdf

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