4 High Growth Stocks In A Secular Growth Industry
The market has been so volatile lately that it is has been hard to pull the trigger on an investment. What can you do in this situation? One solution is to look at great growers in a secular growth industry. One such industry is the oil well services industry. Recent technological breakthroughs now allow oil and natural gas recovery from a plethora of new fields that had heretofore been commercially non-viable.
Not only do the oil well services companies have to grow to be able to provide for the huge growth in the new fields, but the number of fields is growing too. I have been talking about the US, but other countries such as Argentina with huge shale fields will need high tech services too. It is unlikely that they will manage to supply all the high technology equipment or the technological expertise themselves. They will want to make good use of US oil well services. There are many other countries, and there are many areas which are so far undefined. All of these will provide huge opportunities for growth.
The broader Dow Jones US Oil Equipment and Services Index .DJUSOI was down 2.47 percent. Industry-wide costs are going up and most oilfield services companies are struggling to swiftly move their rigs to oil and natural gas liquid fields,
How do you think these companies will be affected by the cut in global reliance on Iranian oil? 1. PetroleoBrasileiro (NYS: PBR) : Engages in oil and natural gas exploration and production, refining, trade, and transportation businesses. Market cap at