Although oil prices have boomed over the last year, energy equipment and service firms have continued to struggle, not seeing the strong returns that producer stocks have begun to reap. That may be about to change.

Weak investment amid 2016’s anemic oil prices set back any sort of serious investment in new discovery and production, and continued neglect through 2017, even as the price of crude had begun to climb, is now beginning to bite at energy producers’ profitability. The industry now has little choice but to begin a serious capex campaign as pressure from too little capacity and too much production becomes a huge hurdle . . .

To read more, sign up for aFree 30-Day Trial   of MRP's research, orLog In