The current surge in oil prices is good news for some oil services and equipment stocks, according to Terri Campbell, Eastern Investment Advisors Managing Director.
Cameron International and Weatherford International are two that Campbell paticularly likes.
"There's at least 20% upside to these stocks," Campbell said on "Squawk Box." "They are getting pricing power, which is a huge benefit for them, and they have really high capacity rates and pretty high demand rates," she said.
U.S. oil companies are not the only ones requesting oil field services and equipment, she added. Foreign oil giants in Russia and Saudi Arabia are spending more and more money on products that will aid them in finding and drilling more oil.