From Notable Calls:

Following a remarkable two days of trading activity in the oil services sector, investors may be starting to sort out which horse they want to ride once the Gulf of Mexico disaster gets under control.

Of course that hasn’t happened yet, but they feel the quick recovery in large cap service stocks sends a signal that investors feel more confident in this group than offshore drillers. Assuming BP’s latest efforts to curtail the oil flow are successful (yes, a big assumption), the firm would expect...

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