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This options strategy for Schlumberger (SLB) is an example of how you can lock in the price now for a future stock purchase.
With oil prices approaching the $50 mark, analysts say it may be time to buy the shares of such high-performing prospects as Eco-Stim Energy, Nabors Industries and Halliburton.
Tetra Technologies, Natural Gas Services and Patterson-UTI continue to generate solid margins and free cash flow, with Tetra trading below its peers.