Oilfield services/equipment

Consolidation in the oilfield services and equipment industry has become increasingly important after the collapse of the oil boom in 1983. However, the fleet of mobile offshore drilling rigs has decreased, and rising drilling demand is driving rates upwards. Offshore rig operators' earnings are likely to rise for the next three to five years as a result. These stocks are now timely and long-term investors will be well-rewarded.