CNBC Stock Blog
- S&P Will Reach 1,160 by Year-End: Equity Strategist
- Don't Buy Citigroup—Buy These Banks Instead: Analyst
- Prep Your Portfolio for Next Week: Stock Pickers
- 'You Can Make a Lot of Money' on Individual Stocks: Strategist
- Art Cashin: Rally Can Hold if S&P Breaks Key Level
- Market Rally Will Continue into 2010: S&P Equity Strategist
- Why Are Options So Bullish on This Chemical Manufacturer?
- Buy the 'Riskiest' Assets—Markets Will Move Up: Strategist
- 2 Tech-Gadget Stock Plays: Senior Analyst
- US Unemployment is Starting to Peak: Market Pro
- S&P Will Reach 1,160 by Year-End: Equity Strategist
- Hirschhorn: Tiger & Risk Management
- How Many People Will Watch SEC Championship Game?
- Don't Buy Citigroup—Buy These Banks Instead: Analyst
- Dec. 4: Unusual Volume Leaders
- Positive Jobs Report, Higher Mortgage Rates?
- Prep Your Portfolio for Next Week: Stock Pickers
- Target Hits the City Streets With 'To Go' Gifts
- Freaky Friday Funny Business
- Special Report: Predictions 2010
- Obama Vows Steps to Restart Job Growth
- Week Ahead: Road Upward for Stocks Is Getting Rougher
- Nobel Prize Cash Awards May Be Cut Due to Recession
- Saudi Oil Minister: Oil Prices 'Perfect'
- Six More US Banks Closed
- Are Tech Bulls And Bears About To Come To Blows?
- 20 Stocks with the Potential to Pop
- Sen. Baucus Recommended Girlfriend for Key Job
RSS FEED
3 Oil Services Stocks that Look Attractive: Expert
Text Size 
CNBC News Associate
Oil drillers and tankers should be on investors' radars right now, said Omar Nokta of Dahlman Rose. He explained why these stocks are looking attractive — and offered his favorites now.
“We’re starting to see a huge improvement in the offshore drilling space,” Nokta told CNBC.
“With oil prices having recovered and being strong for the last 6 months, we’re starting to see a lot of oil and gas companies increase their spending and budgets for next year."
"That bodes very well for the offshore drilling sector because they’ve been seeing a lot of capital go away from them this year, and now we’re starting to see the beginnings of a recovery.”
Nokta said stability in oil prices is important in order for exploration and production companies to benefit.
“As oil was in freefall, you saw E&P companies hold back spending because they had no idea where the prices would be,” he said.
More Market Intelligence:
- Stock Picks: Dry Bulk Shipping
- Market Tips: Stocks Still Have Upside Momentum
- Art Cashin: The Dollar Danger Now
“Volatility will always be there—the big key for us is for the past 6 years, oil has been pretty expensive by historical norms, yet global proven reserves have grown by maybe 1 percent on average each year."
"That compares to 10 years ago in the last oil spike we had in the last 90s where within the year of high oil prices, reserves grew by 17 to 18 percent.”
Nokta’s Picks:
Noble [NE
Loading...
()
]
Rowan [RDC
Loading...
()
]
Frontline [FRO
Loading...
()
]
More CNBC Data Pages:
- Today's Market Movers: S&P, Dow, Nasdaq
- Dow 30 Stocks—In Real Time
- Rates: LIBOR, Fed Funds, Spreads, T-Bills
______________________________
CNBC Slideshows:
______________________________
______________________________
Disclosures:
Nokta does not own shares of NE, RDC or FRO.
______________________________
Data is a real-time snapshot *Data is delayed at least 15 minutes