HONG KONG, Feb. 24 /CNW/ - Today, www.WorldStreetFundamentals.com released its industry report highlighting Parker Drilling Company
(NYSE: PKD) and Pioneer Drilling Co. (AMEX: PDC). As the Middle Eastern
situation continues to press concerns, it brings the potential for
destabilizing a geo-strategically important region. Investors from
around the world are invited to view fundamental and technical analysis
Libya is a key OPEC member and accounts for about 2% of global oil
supplies. Oil production from Egypt remains a smaller contributor,
producing a little bit less than 1% of the world's total supply.
Together, the Suez-Mediterranean pipeline and the canal itself account
for three million barrels a day out of a total of about 88 million
barrels worldwide, representing 3.5% of world production. A closure of
the Suez-Canal would not represent disaster for major producers or
World Street Fundamentals has highlighted Parker Drilling Company for
its diverse income strategy within five separate business segments
across international exposure, including North America, Asia Pacific
and current stable members of OPEC. Limited exposure to Libya and Egypt
economies allows PKD to leverage these earnings. To read the report on
Parker Drilling Company (NYSE: PKD), visit www.WorldStreetFundamentals.com.
Pioneer Drilling Company provides similar exposure to the U.S. economy
and internationally in Columbia. The Company operates in two segments:
Drilling Services Division and Production Services Division and
competes with CC Forbes, Schlumberger Ltd., Halliburton Company, and
Fundamentals of the U.S. economy are expected over the long-term to
continue recovery. Many investors are using weakness resulting from the
Libya unrest as an opportunity to own quality names that enjoy strong
earnings momentum and economic leverage.
To view fundamental and technical analysis on these two industry leaders
we encourage investors to visit: www.WorldStreetFundamentals.com.
About World Street
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investors and new-comers to the markets to find in depth comprehensive
research and research tools to help guide you through the ever changing
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SOURCE World Street Fundamentals
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