Monday, October 22, 2007

Oil Service Sector at All Time Highs: Very Good Forecast for LM Coatings Business

Though the Crude Oil Price Index is definitely going to pull back due to the strengthening dollar, in general, the Oil Service Sector will continue to be strong for the next year or so. This is due to the nature of this sector. Profits from Oil Companies are at all time highs and it goes without saying that oil exploration follows and growth lags the crude oil price index. This bodes very well for the near term future for the LMC division under Larry Buffington.

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