VAW - Oil States International: Plans Afoot But Investors' Sentiment Will Be A Drag
OIS Can Be A Slow Gainer
The oilfield services industry is going through a bloodbath as energy demand forecasts are moving south while the production is slated to flood the market in the short term. In the current dynamics, Oil States International (OIS), apart from the commercialization of integrated perforating gun systems, focuses on the wireline release tool and shaped charge technology to increase sales. As the U.S. opportunities dry up, it increasingly looks up to the international markets, including the Middle East, to push its GEODynamics suite of products.
Although capex reduction