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Dicker: Oil Services Stocks Are Not Created Equal

NEW YORK (TheStreet) -- Today I sat down with Jim Cramer to talk about the oil services sector and where in that sector the opportunities would likely be greatest.

I wanted to discuss this sector with Jim because of two recent oil notes from analyst Ole Slorer at Morgan Stanley and Rahim Karim at Barclays who actually voiced opposing views on the commodity price, but came to some interestingly similar thoughts on production over the next several years.

Both seemed to agree that off-shore production and, particularly deepwater production, was likely to see the greatest growth potential.

I agree with this idea. Several weeks ago, I spoke with Jim about the Gulf of Mexico and the emerging opportunities there, including mentioning and recommending Seadrill (SDRL), an offshore rig operator that specializes in deepwater and ultra deepwater floaters.

I talk with Jim about other offshore and particularly deep water opportunities in the video above.

At the time of publication the author had no position in any of the stocks mentioned.

This article was written by an independent contributor, separate from TheStreet's regular news coverage.

Dan Dicker has been a floor trader at the New York Mercantile Exchange with more than 25 years of oil trading experience. He is a licensed commodities trade adviser.

Dan is currently President of MercBloc LLC, a wealth management firm and is the author of "Oil's Endless Bid," published in March of 2011 by John Wiley and Sons.

Dan Dicker has appeared as an energy analyst since 2002 with all the major financial news networks. He has lent his expertise in hundreds of live radio and television broadcasts on CNBC, Bloomberg US and UK and CNNfn.

Dan obtained a bachelor of arts degree from the State University of New York at Stony Brook in 1982.

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