It looks as though an overall weak exploration program in 2012 will be changing in 2013. Capital expenditure budgets for exploration and production are expected to reach over $644 billion, according to a Barclays report out this week. Does this mean good things all around for the oil services industry? Today, Fool.com contributor Tyler Crowe and Motley Fool analyst Joel South look at some of the finer details in this report and assess what it could mean for some companies in this space.
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Which Energy Services Companies Will Benefit in 2013?
With record capital expenditures coming in 2013, who stands to benefit the most.
About the Author
Tyler Crowe is a contributing Stock Market Analyst for The Motley Fool covering energy, materials, transportation, and industrial stocks.
Joel South owns shares of Schlumberger.
Fool contributor Tyler Crowe has no position in any stocks mentioned. You can follow him at Fool.com under the handle TMFDirtyBird, on Google +, or on Twitter@TylerCroweFool.
The Motley Fool recommends National Oilwell Varco. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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