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More Compelling Economic Numbers Forecast Possible Upside Potential in Oil and Gas Services Stocks: Vice President Edward C. Muztafago of Societe Generale Interviews with The Wall Street Transcript

67 WALL STREET, New York - July 7, 2014 - The Wall Street Transcript has just published its Oil & Gas Review 2014 Report offering a timely review of the sector to serious investors and industry executives. This special feature contains expert industry commentary through in-depth interviews with public company CEOs and Equity Analysts. The full issue is available by calling (212) 952-7433 or via The Wall Street Transcript Online.

Topics covered: Oil & Gas Review 2014

Companies include: Halliburton Company (HAL), Schlumberger Limited (SLB), Weatherford International Ltd. (WFT), FMC Technologies, Inc. (FTI), Cameron International Corporat (CAM), National Oilwell Varco, Incorp (NOV), Oceaneering International, Inc (OII), Ensco International Inc. (ESV), Noble Energy, Inc. (NBL), Rowan Companies Inc. (RDC) and many more.

In the following excerpt from the Oil & Gas Review 2014 Report, an expert analyst discusses the outlook for the sector for investors:

TWST: What is the level of investor interest in oil and gas services right now, and generally speaking, do you think investors are correctly assessing the opportunities in the space?

Mr. Muztafago: I think what we saw this year, particularly in the early part of the year, is still some real hesitancy among lot of the long-only investors to step into the market. Obviously oil services and some of the other sectors within oil and gas have performed quite well this year, and I think as you got later into the year, you saw some of those long-only investors who feel like they may have missed the run a little bit step up to the plate.

I do think we're at a little bit of a pause right now, of course as we go through the holidays, which is not really that atypical, and you're likely to see some reassessment of the environment next year.

This is a sector obviously that historically has always been tied to economic growth. We're starting to see, I think, some economic numbers that are a little bit more compelling, and at least the early indications by some of the forecasters that there's probably some upside risk, if you would, or upside potential to what the current forecasts are putting out there.

So I think that will provide a positive backdrop for the sector not envisioning the kind of rally next year that we have this year, so I do think a little bit more selectivity is probably prudent for next year, but all in all, I think the sector can have another decent run in 2014.

TWST: Which two stocks would you recommend as best bets for 2014, and what do you like about each?

Mr. Muztafago: Within with the multiservice sector, Halliburton is our top pick. When I look at what the company structurally...

For more of this interview and many others visit the Wall Street Transcript - a unique service for investors and industry researchers - providing fresh commentary and insight through verbatim interviews with CEOs, portfolio managers and research analysts. This special issue is available by calling (212) 952-7433 or via The Wall Street Transcript Online.