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HydraulicFracturing posts

Cameron International: Battle-Tested Energy Services Play

Posted Aug 19th 2010 4:40PM by Joseph Lazzaro (RSS feed)
Filed under: Stocks to Buy

I wrote about considering taking some profits off the table with Cameron International (CAM) here on April 24, 2009, when the stock was at a price of $25.59. It proved to be a prudent warning, as CAM soon dropped from highs near $48 to about $31 in June, largely due to jitters about the deepwater offshore oil drilling sector.

However, Cameron has since popped back above the key, 50-day moving average, and I obviously still like the shares here.

Cameron should benefit from the Obama administration's likely, revised blowout preventer safety rules, as oil companies conform to the new standards.

Continue reading Cameron International: Battle-Tested Energy Services Play

Cameron Is in an Uptrend

Posted Jan 28th 2010 5:00PM by Joseph Lazzaro (RSS feed)
Filed under: Stocks to Buy

Investors have one-last chance to scoop-up shares of Cameron International Corp. (CAM), due to a pull-back, and it goes without saying that I'm reiterating my buy rating for the company's shares, first recommended on April 24, 2009, at a price of $25.59. If you bought Cameron in April 2009, you're up about 50%.

Look for Cameron to continue to benefit longer-term from demand for oilfield capital equipment and deepwater support equipment, on likely, ramping oil demand in immediate years ahead. Further, new technology that's likely to increase natural gas drilling and production (via a technology called hydraulic fracturing) in North America also holds out the promise of increased valve business for CAM.

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Hydraulic fracturing natural gas boom hits obstacle: Groundwater contamination

Posted Dec 10th 2009 2:00PM by Joseph Lazzaro (RSS feed)
Filed under: Bad News, Commodities

Perhaps the initial euphoria over the prospects for a massive increase in natural gas supply -- both in the U.S. and globally -- were a bit premature.

The reason? The new techniques -- such as hydraulic fracturing -- to access the gas from previously hard-to-access or untapped beds are causing environmental problems, the chief of which is the contamination of drinking water wells, and water supplies, The New York Times reported. The Times added that so far the incidence of groundwater contamination is thin, but environmental groups counter that's because governments have been slow to monitor the drilling boom and are not looking hard enough for contamination.

Continue reading Hydraulic fracturing natural gas boom hits obstacle: Groundwater contamination