Oil Service Companies Are Not Dying
According to Matt Badiali, an experienced investor and writer for the Banyan Hill, oil service companies should be considered for a potential investment. Badiali acknowledges that oil prices remain historically low, but he regards this as an opportunity to place some capital into companies such as the VanEck Vectors Oil Services ETF. Visit prnewswire.com to know more.
According to this natural resource expert, oil prices will not remain low indefinitely. Moreover, it seems to be just a matter of time before they begin shooting up and reach their normal levels. A direct relationship between oil prices and oil service companies is what prompts this investor to advise others to give it thought. Naturally, when oil prices start growing, there will be a lot more drilling and production. Once that occurs, companies who operate in that segment will have more work and profits, which will grow their stock prices. Thus, buying a piece of these companies now when they are relatively cheap might prove to be a prominent investing strategy.
Besides a considerable amount of data that Badiali has taken into account, his experience with investing is also an important factor. During the decades that he has made profitable investments, Badiali has seen many industries hit the rock bottom. The only direction from there was up and he believes that this is what is happening with the oil industry at the moment. Oil prices have hit an all-time low recently and, moving on, nothing but growth should be expected.
Who is Matt Badiali?
Badali is a Penn State and Florida Atlantic University graduate. He holds a Masters in Geology and has an extensive curriculum of travels to countries where his investments were located in. The strategy that has proven to be very successful for him is based on face-to-face interactions. Since he has experience in the natural resource business, he is able to evaluate if companies will be profitable long before any large projects are even taken.
This ability of his comes from the fact that he knows the ins and outs of the industry. A simple drilling issue that the majority of the market would not even recognize is something that Badiali sees as a red flag. His knowledge and experience have further facilitated him teaching Geology at Duke University and the University of North Carolina. Safe to say that his advice should most likely be deemed as valuable!
Higher oil prices are breathing life into one specific sector. Here’s how to profit…#oil #oilprices #oilservicesstocks #investments #finance #stocks #stockmarket #banyanhill $OIH https://t.co/5mWGbKUHKG
— Matt Badiali (@Matt_B_Guru) December 5, 2017