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Jim Letourneau's Blog

Investing, Technology, Travel, Geology, Music, Golf. I think that covers it.

Parker Drilling Due

The Philadelphia Oil Services Index ($OSX) continues to move upwards. It is a good time to be looking at the sector. Land drillers and services related to natural gas production have an advantage. Speculators need to be dusting off the charts of companies in this industry. Parker Drilling (PKD) should break out of its long term triangle pattern over the next few weeks. Stay out of the red (use a stop in case it drops) and you'll come out ahead.


Parker Drilling


NOT ADVICE
I do not own PKD