As Fisher Investments mentioned in earlier chapters, the Energy Equipment & Services (EES) industry is indirectly affected by oil and gas prices because those prices affect industry demand for oil and gas drilling, and equipment and services. EES demand is ultimately quantified by aggregate spending by the Oil & Gas industry.
Fisher Investments knows other fundamental data followed by analysts and investors are the supply and demand environment for just about every product and service in the industry. This includes the supply of just about every type of rig, supply boat, seismic vessel, and more in nearly every region of the world. Moreover, analysts and investors even forecast future supply of energy equipment and services to help make investment decisions. Fisher Investments knows because there are too many products and services in the industry to cover (not to mention a lack of easily available aggregate data!), only the broadest fundamental indicators affecting the industry are included.
The primary quantitative factors that influence EES are:
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Energy sector capital expenditures
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World rig count
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Rig utilization
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Dayrates
For more information or to purchase Fisher Investments on Energy, click here