Among energy companies, services stocks are among those whose fortunes are most deeply tied to the general economic activity that drives demand.
With forecasts pointing to continued robust economic growth out of China and various emerging market economies, the Philadelphia Oil Services Sector Index has soared 61% since the the trough of the recession in 2009. TheStreet Ratings Team says that energy demand could grow over 40% in the next two decades, with demand so robust that it almost outstrips supply.
However, generalizing where these economically-sensitive stocks could be going in the forseeable future would be a mistake, given the diversity of their locations and growth strategies.
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