SOURCE: StockCall


August 31, 2010 09:13 ET

Research on Baker Hughes and Cameron International - What Does the Next Few Months Hold for the Oil & Gas Equipment & Services Industry?

JOHANNESBURG, SOUTH AFRICA--(Marketwire - August 31, 2010) - offers investors comprehensive research on the oil & gas equipment & services industry and has completed analytical research on Baker Hughes Inc. (NYSE: BHI) and Cameron International Corporation (NYSE: CAM). Register with us today at to have free access to these researches. 

The BP oil spill has had a major effect on the Oil & Gas Equipment & Services sector. The moratorium placed on drilling in the Gulf of Mexico following the Macondo spill has hurt some service providers within the sector. It is expected that these companies will continue to struggle even more during the next few quarters as demand for their services remains down. While the scrutiny placed on some of the failed equipment during the spill has created some uncertainty in the sector, it is likely that stricter equipment standards will actually benefit the companies responsible for developing and manufacturing the next generation equipment. 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 Baker Hughes Inc. and Cameron International Corporation; investors and shareholders of these companies can simply register for a complimentary membership at

Despite the spill, the Oil & Gas Equipment & Services industry is generally healthy as of late. The stabilization of oil prices has fueled sector growth through development and exploration. After the North American pull back in oil and gas production last year, a steady rise in rig counts has occurred throughout the continent during the past months. Much of this growth is owed to the historic production levels of shale-natural gas, where rig counts rose to a record high of 895. Visit to see how companies in this industry have grown over the past years and how they are expected to perform in the future.

Good operating margins and use-it-or-lose-it clauses in land leases have motivated producers to maintain high levels of production. This increased production has benefited the sector by increasing demand for services and equipment. The Oil & Gas Equipment & Services sector should continue to see benefit while natural gas production remains high. However, a poor forecast for gas prices later in the year could mean production will slow to more typical levels. Register now at to have free access to our reports on the oil & gas equipment & services industry.

Early this month Baker Hughes Inc. posted an increase of 6.9% in profits to $93 million boosted by demand recuperation for services in North America and its recent acquisition of BJ Services. Revenue for the quarter was at $3.37 billion that is a rise of 44% as compared to last year's figure. Conversely, Cameron International Corporation which reported its earnings a day after Baker Hughes saw a decline of 7% in its income to $129.2 million from $138.6 million in the same quarter for 2009. Revenue was up 14% to $1.45 billion for the same time period. Investors can register for free to access the research reports on Baker Hughes Inc. and Cameron International Corporation at or

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