RPC's Shares Surged: What You Need to Know (RES)

RPC's Shares Surged: What You Need to Know

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Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.

What: Shares of oil-field-services specialist RPC (NYSE: RES ) spouted gains as large as 11.1% today on modest trading volume.

So what: Oil prices are soaring today while the dollar is getting weaker versus other major world currencies, and that's a terrific combo for American oil businesses. Moreover, extraction giant ConocoPhillips (NYSE: COP ) just got the go-ahead to start a major drilling operation in Alaska and RPC specializes in all-American projects.

Now what: Hometown rivals Basic Energy Services (NYSE: BAS ) and Pioneer Drilling (NYSE: PDC ) are enjoying similar gains today for much the same reasons. If you're trying to choose an oil-field investment in that bunch, consider that RPC pays a healthy dividend while the other two do not. Check out a handful of other dividend ideas, courtesy of Fool analysts.

Interested in more info about RPC? Click here to add it to My Watchlist.

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Fool contributor Anders Bylund holds no position in any of the companies mentioned. We Fools may not all hold the same opinion, but we all believe that considering a diverse range of insights makes us better investors. Check out Anders' holdings and bio, or follow him on Twitter and Google+. We have a disclosure policy.

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment icon found on every comment.

Report this Comment On December 20, 2011, at 4:59 PM, GtownRJ wrote:

RPC is having trouble keeping up with demand, and some of the big boys have been sniffing around...
Report this Comment On December 21, 2011, at 4:52 AM, Jdoughtyinvestor wrote:

Most importantly, i read on bloomberg a few months ago that they hired Goldman to shop them around. So the stock is very volatile.

updated 1 day ago Sponsored by:
	DOW	12,454.83	-74.92	-0.60%
	S&P 500	1,317.82	-2.86	-0.22%
	NASD	2,837.53	-1.85	-0.07%

RES	$10.68		-0.10	-0.93%
RPC, Inc.		CAPS Rating:

COP	$52.11		-0.03	-0.06%
ConocoPhillips		CAPS Rating:

BAS	$11.84		+0.34	+2.96%
Basic Energy Servi…		CAPS Rating:

0

RPC's Shares Surged: What You Need to Know

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Comments from our Foolish Readers

Report this Comment On December 20, 2011, at 4:59 PM, GtownRJ wrote:

Report this Comment On December 21, 2011, at 4:52 AM, Jdoughtyinvestor wrote:

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