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The Odessa

ELAM: The rig count is up

ELAM: The rig count is up
Photo: Odessa American (oaoa.com) · view original

The Baker Hughes U.S. Rig Count is 603 as of October 23. That is an increase of 53 or 10%. This is translating to an increase in energy service stocks. And that translates into an increase in employment in the Permian Basin service sector. About two years ago I recommended Transocean (RIG) as it...

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