November eNews

Sequeira Energy Synopsis – January 2018 Newsletter

Our Sequeira Oilfield Service Index rose 3% month-over-month to the end of January; however, recent volatility in the markets has caused our index to be down nearly 8% over the first half of February.

Q4 earnings season for the super majors kicked off earlier in the month with NOV and Halliburton reporting stronger earnings than analyst consensus. Unfortunately, the same cannot be said of Weatherford which missed earnings by nearly 60%. Management at NOV, Halliburton, and H&P noted a positive outlook for 2018 with improving pricing and activity levels.

Download the Sequeira Synopsis update from the link below. The appendix includes a sector drill down of the Sequeira Oilfield Services Index.

Download the Sequeira Energy Synopsis – January 2018