Service With A Smile
The oil field service companies appear to be coming back faster than the other energy sectors. I am adding BHI as a candidate after it hit a new high on Friday. I am hoping for a pullback and will send an email update when I think it is safe to enter.
Check your email during the week for updates on BHI and any other stocks that become targets.
Current Watch List
BHI - $88.58 - Baker Hughes Intl
Baker Hughes Incorporated (Baker Hughes) is engaged in the oilfield services industry. The Company supplies wellbore-related products and technology services and systems to the oil and natural gas industry on a worldwide basis, including products and services for drilling, formation evaluation, completion and production of oil and natural gas wells. Baker Hughes operates through subsidiaries, affiliates, ventures and alliances. It operates in three business segments: Drilling and Evaluation, Completion and Production, and WesternGeco. The Drilling and Evaluation segment consists of the Baker Hughes Drilling Fluids, Hughes Christensen, INTEQ and Baker Atlas divisions. The Completion and Production segment consists of the Baker Oil Tools, Baker Petrolite and Centrilift divisions. The WesternGeco segment consists of the Company's 30% equity interest in WesternGeco, a seismic venture with Schlumberger Limited. WesternGeco provides reservoir imaging, monitoring and development services.
BHI has been surging higher for two weeks and hit its historic high on Friday. I am hoping for a pullback to deflate some option premiums before making the entry. I am going to target something in the $85.50 range but I do not want to make it a hard entry in case we get more than a single day of profit taking.
No trigger: Wait for newsletter confirmation to enter.
Buy Jan $95
Call BHI-AS currently $7.70