SOURCE: StockCall


January 12, 2011 08:18 ET

Research on Cameron International Corporation and National Oilwell Varco Incorporated - Profits and Oil Prices Surge but Concerns Remain

JOHANNESBURG, SOUTH AFRICA--(Marketwire - January 12, 2011) - offers investors comprehensive research on the oil & gas equipment & services industry and has completed analytical research on Cameron International Corporation (NYSE: CAM) and National Oilwell Varco Incorporated (NYSE: NOV). Register with us today at 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 to have free access to our reports on the oil & gas equipment & services industry. 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 Cameron International Corporation and National Oilwell Varco Incorporated; investors and shareholders of these companies can simply register for a complimentary membership at

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.

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 and these include players like Cameron International Corporation. Also, making news in the BP oil spill investigation is the quasi rejection by National Oilwell Varco Incorporated to assist the commission through providing access to software that would recreate displays of what engineers on the deepwater rig saw prior to the infamous incident. Investors can register for free to access the research reports on Cameron International Corporation and National Oilwell Varco Incorporated at or

Overall, high oil prices and profits throughout the industry 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. Visit to see how companies in this industry have grown over the past years and how they are expected to perform in the future.

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