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Thomson Reuters: March 19 Energy Commentary

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March 19, 2013

SECTOR COMMENTARYEnergy stocks underperformed the broader markets today with services and drillers being the two biggest laggards, while the other sub-sectors also witnessed losses.Services and drillers were brought down following a solid run and after Schlumberger reported lower first quarter 2013 guidance yesterday and as Baker Hughes told investors to expect a squeeze on its European margins in the first half of this year as it ramps up to an expanded contract in Norway and faces a few delays on UK projects. Integrateds were lower after Occidental Petroleum said that ...


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