Why Do You Hate The Oil Sector? And Yes, I Do Mean You..

Watching SLB trade lower and lower is what I’m talking about.  Watching HES and HAL trade into the red is what I’m talking about. Watching BAS get crushed is what I’m talking about.  The market hates oil and oil service stocks.  Period.  Prices are high, these companies are making profits hand over fist, but demand for these companies simply isn’t there.  Despite SLB’s conference call, fracking still offers a major opportunity for these companies.  China is trying to sever their lifeline to coal, and shale drilling is the surgeon.  Sure natural gas is a big black eye, but this world runs on OIL.  How can the market be so blind?  Or maybe how can the market’s memory be so short…  Did we forget about the Middle East?  One headline and oil is at $150 in a heartbeat.  It’s just a matter of time..