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5 Oil Services Stocks to Play Rising Spending

Oil & gas spending in the U.S. is going way up

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5 Oil Services Stocks to Play Rising Spending
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Oil & Gas spending in the U.S. is going way up

Every investor wants stability, and you know where you get it? Right here in the North America. Even if you included potential hiccups due to regulation, both Canada and United States are still the top draws for global multinational energy companies seeking their fortune.

First, our abundance of oil & gas continues to increase as the fracking revolution spreads across the land. New technology has continued to push reserve estimates up to new highs. Stability comes from a decade’s worth of future energy production.

Stability also comes from the fact that we aren’t Libya, Nigeria or Iraq.

The threat of rising global conflicts along makes North America a prime destination for international energy firms seeking new sources of supply. And they are going to spend some serious bucks in order to tap it. In fact, according to investment bank Barclays, oil & gas producers are expected to increase their spending in United States by 9.6% to reach $165 billion. All for stability’s sake.

The biggest winner in all of this energy spending will be the various oil services stocks providing these firms with the know-how on fracking and drilling our nation. Here are five of the best oil services stocks to buy today:

Article printed from InvestorPlace Media,

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