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Ahead Of The Bell: Oil Services

Stock quotes in this article: HERO , PDE  

SIOUX FALLS, S.D. (AP) — Demand deterioration for shallow water mat rigs is exceeding already depressed expectations, a Citi Investment Research analyst said Wednesday.

"A significant number of rigs are expected to go idle and ample high-spec newbuild supply will likely prevent many from returning to service," Robin Shoemaker wrote in a research note.

Shoemaker kept a "Sell" rating on Houston-based Pride International Inc. with a $12 target price. ...

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Dow Jones S&P 500 NASDAQ 10-Year Note
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Oil *
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DOWN
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DOWN
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DOWN
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10 Yr
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