Seeking Alpha , Small Cap Gems (618 clicks) Long only,
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followers)    Dahlman Rose came out with an important upgrade of
the oil services industry late yesterday. I think this will
provide important support to this sector. Dahlman Rose cites
several factors behind its view.    • It projects North American
E&P revenues will rise over 10% in 2013 which should mean at
least a 5% increase in oil services spending based on historical
norms.   • The analyst firm also says the recent rise in natural
gas to $3.85 mmbtu is hugely positive to the E&P sector.   •
Finally, it sees rig utilization rising to 85% by yearend 2013
compared to the current 77% utilization.  Here are two oil
services firms highlighted in the report that I think are good
value plays here as well.  Nabors Industries (NYSE:NBR) is the
world's largest land drilling contractor owns and operates
approximately 500 land drilling and approximately 750 land
workover and well-servicing rigs in N