HONG KONG, Feb. 24 /PRNewswire/ - Today, www.WorldStreetFundamentals.com released its industry report highlighting Parker Drilling Company (NYSE: PKD) and Pioneer Drilling Co. (AMEX: PDC). As the Middle Eastern situation continues to press concerns, it brings the potential for destabilizing a geo-strategically important region. Investors from around the world are invited to view fundamental and technical analysis at www.WorldStreetFundamentals.com.
Libya is a key OPEC member and accounts for about 2% of global oil supplies. Oil production from Egypt remains a smaller contributor, producing a little bit less than 1% of the world's total supply. Together, the Suez-Mediterranean pipeline and the canal itself account for three million barrels a day out of a total of about 88 million barrels worldwide, representing 3.5% of world production. A closure of the Suez-Canal would not represent disaster for major producers or index prices.
World Street Fundamentals has highlighted Parker Drilling Company for its diverse income strategy within five separate business segments across international exposure, including North America, Asia Pacific and current stable members of OPEC. Limited exposure to Libya and Egypt economies allows PKD to leverage these earnings. To read the report on Parker Drilling Company (NYSE: PKD), visit www.WorldStreetFundamentals.com.
Pioneer Drilling Company provides similar exposure to the U.S. economy and internationally in Columbia. The Company operates in two segments: Drilling Services Division and Production Services Division and competes with CC Forbes, Schlumberger Ltd., Halliburton Company, and Weatherford International.
Fundamentals of the U.S. economy are expected over the long-term to continue recovery. Many investors are using weakness resulting from the Libya unrest as an opportunity to own quality names that enjoy strong earnings momentum and economic leverage.
To view fundamental and technical analysis on these two industry leaders we encourage investors to visit: www.WorldStreetFundamentals.com.
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SOURCE World Street Fundamentals