🏗️🏗️🏗️🏗️🏗️
🐂 Fundamental Bull Thesis
Profitability is no longer just tied to spot oil prices, but to a structural deficit in global energy infrastructure.
Geopolitical Tailwinds: Supply constraints driven by geopolitical tensions and renewed U.S. intervention in regions like Venezuela are pushing demand for domestic service providers.
CapEx Supercycle: Large-cap producers are moving beyond "maintenance mode" and into high-spec drilling deployment to ensure long-term energy security.
Operational Efficiency: Top holdings like SLB and Baker Hughes are reporting strong earnings driven by new technology-integrated drilling solutions, allowing for higher margins even if oil prices stabilize.
Liquidity & Flows: Quantitative tightening ended in late 2025, and with the Fed shifting toward easing in early 2026, risk assets like high-beta energy services are seeing massive institutional inflows (+$213M for OIH in the last month).
#SLB Schlumberger N.V. 21.9%. Global leader in digital oilfield and subsea tech.
#BKR Baker Hughes Co. 12.4%. Focusing on LNG and low-carbon tech.
#HAL Halliburton Co. 7.9%. Dominates the North American pressure pumping market.
#FTI TechnipFMC PLC. 5.3%. Major player in offshore/subsea architecture.
#TS Tenaris S.A. 4.9%. Critical supplier of steel pipe (OCTG) for drilling.
#WFRD Weatherford International. 4.4%. Specialized in well construction and artificial lift.
#NE Noble Corp. PLC. 4.3%. High-spec offshore drilling contractor.
#LBRT Liberty Energy Inc. 3.3%. Leader in next-gen fracking and completion services.
🐂 Fundamental Bull Thesis
Profitability is no longer just tied to spot oil prices, but to a structural deficit in global energy infrastructure.
Geopolitical Tailwinds: Supply constraints driven by geopolitical tensions and renewed U.S. intervention in regions like Venezuela are pushing demand for domestic service providers.
CapEx Supercycle: Large-cap producers are moving beyond "maintenance mode" and into high-spec drilling deployment to ensure long-term energy security.
Operational Efficiency: Top holdings like SLB and Baker Hughes are reporting strong earnings driven by new technology-integrated drilling solutions, allowing for higher margins even if oil prices stabilize.
Liquidity & Flows: Quantitative tightening ended in late 2025, and with the Fed shifting toward easing in early 2026, risk assets like high-beta energy services are seeing massive institutional inflows (+$213M for OIH in the last month).
#SLB Schlumberger N.V. 21.9%. Global leader in digital oilfield and subsea tech.
#BKR Baker Hughes Co. 12.4%. Focusing on LNG and low-carbon tech.
#HAL Halliburton Co. 7.9%. Dominates the North American pressure pumping market.
#FTI TechnipFMC PLC. 5.3%. Major player in offshore/subsea architecture.
#TS Tenaris S.A. 4.9%. Critical supplier of steel pipe (OCTG) for drilling.
#WFRD Weatherford International. 4.4%. Specialized in well construction and artificial lift.
#NE Noble Corp. PLC. 4.3%. High-spec offshore drilling contractor.
#LBRT Liberty Energy Inc. 3.3%. Leader in next-gen fracking and completion services.
Note
#oih#oil
Fib extension @ $433
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.