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Headlines & Perspectives
Day Rates Don't Bode Well for Oil Service
By
Chuck Marvin
01/08/09 - 02:30 PM EST
For energy service and drilling stocks, rig day rates and asset-replacement costs have excellent track records for indicating the future price direction of a stock.
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| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,226.94 | 1,093.07 | 2,154.06 | 34.86 |
Oil *
77.65
|
|
UP
203.52
|
UP
23.77
|
UP
41.62
|
DOWN
0.17
|
10 Yr
3.49%
SPDR Gold
108.19
|
|
+2.03%
|
+2.22%
|
+1.97%
|
-0.49%
|
Data delayed 20 minutes |


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