I prefer Oil servicing companies, Fluor (FLR) and other oil services stocks as well. I think they are going to do ok. The oil exploration will slow down because of low prices, and eventually the low prices as exploration slows down will lead to higher pricesand again more exploration.
We should not forget that the oil has a huge geopolitical aftertone in the sense, a country like China, like the United States, they need oil, they need to become less dependent on oilfrom the middle eastand that should continue to stimulate exploration.
(CNBC, March 09 Transcript)
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