Pickering Energy Partners, Inc. Announces the Launch of New Independent Equity Research Covering the Energy Industry

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Pickering Energy Partners, Inc. Announces the Launch of New Independent Equity Research Covering the Energy Industry

19/05/2004 11:00am

PR Newswire (US)

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Pickering Energy Partners, Inc. Announces the Launch of New Independent Equity Research Covering the Energy Industry HOUSTON, May 19 /PRNewswire/ -- Pickering Energy Partners, Inc. today announced that it has initiated research coverage on the following companies in the Oil Service and Equipment and the Offshore Drilling sectors: TIC Company Rating SLB - Schlumberger Hold BHI - Baker Hughes Accumulate HAL - Halliburton Accumulate SII - Smith Accumulate CAM - Cooper Cameron Buy WFT - Weatherford Intl. Accumulate BJS - BJ Services Accumulate RIG - Transocean Accumulate ESV - Ensco Intl. Hold NE - Noble Corporation Hold GSF - GlobalSanteFe Hold PDE - Pride International Buy NBR - Nabors Industries Accumulate VRC - Varco International Buy GRP - Grant Prideco Hold Ratings are based on a five tiered system of Buy (B), Accumulate (A), Hold (H), Trim (T) and Sell (S). Reports were also issued on three thematic fronts: -- Oil and Natural Gas Outlook -- Oil Service Industry Outlook -- Oil Service Stock Overview Pickering Energy Partners will initially focus on macro energy analysis and the oil service industry including company specific coverage of service stocks. "This focus will allow us to provide incremental value to our institutional clients as we build our business," said Dan Pickering, President. "We plan to expand our focus to cover E&P companies as the year progresses." Dan Pickering has been in the Energy business for over 15 years. Including Dan, the staff professionals at Pickering Energy Partners have over 90 years of energy industry and energy investment experience. An analyst involved in issuing these ratings owns common stock and calls in Pride International, Inc. For other Important Disclosures please visit our website at http://www.pickeringenergy.com/disclosure.asp Investor Contact: Bruce Busmire 713 333-2968 Media Contact: Christine Drusch 713 333-2966 Pickering Energy Partners, Inc. is a member of the National Association of Securities Dealers, CRD number 129772 DATASOURCE: Pickering Energy Partners, Inc. CONTACT: investors, Bruce Busmire, +1-713-333-2968, or , or media, Christine Drusch, +1-713-333-2966, or , both of Pickering Energy Partners, Inc. Web site: http://www.pickeringenergy.com/ http://www.pickeringenergy.com/disclosure.asp

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