Benchmark notes that oil services continues to be the best performing energy subsector and argues that the “tactical trade is still on for US Land while the runway for International and Offshore continues to get longer.” In that context, the firm identifies Patterson-UTI (PTEN), Weatherford (WFRD) and Noble Corp. (NE) as “Best Ideas” heading into Q4 and keeps Buy ratings on the three stocks.
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Read More on PTEN:
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- Patterson-UTI, NexTier Oilfield Solutions complete merger
