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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