High crude oil prices fatten the economic prospects of the oil services and transport stocks.
Those gifts came from Bill Allen, the head of a major oil services company.
Oil services company Halliburton also gained after its loss wasn't as bad as analysts had forecast.
Oil services stocks like Halliburton, Schlumberger, and Weatherford International, advanced 2.4%, 1.8%, and 2.9%.
Special Offer: Which oil services stocks are due for gains of 20% and higher?
Oil services firms like Weatherford International and Schlumberger are expanding their operations in the country.
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But he said he likes the oil services sector, such as Schlumberger and Baker Hughes.
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During a half-century in the oil services industry, Dawson, 77, has seen plenty of ups and downs.
Oil Services HOLDRs (OIH) have outperformed the Energy Select SPDR (XLE) since the October 3 market bottom.
Click here for two stocks with fresh "buy" signals, including a big pharmaceutical name and an oil services company.
Sir Ian recently retired as chairman of Aberdeen-based oil services firm Wood Group.
He joined an oil services company in which CMG was the largest investor.
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Both of these provide super liquid and sector wide exposure to both mega cap energy companies and oil services companies.
The oil services giant said it has also moved to amend its claims against BP in Louisiana to include fraud.
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Baker Hughes, a Houston oil services company, pleaded guilty last year to making improper payments to secure work in Kazakhstan.
Newpark shares have rallied about 70% in the past three months, sharply outperforming larger oil services names and the broader market.
The longest-serving Republican in Senate history, Stevens was indicted on charges of concealing gifts he received from an Alaska oil services company.
Special offer: The last time oil prices retreated, smart investors made gains of 40% and more buying cheaply priced oil services stocks.
Etete alleges that Shell wooed the vice president with oil services contracts for a company he reportedly has a stake in, Intels.
And predictably oil services and equipment companies like Halliburton, Schlumberger, Weatherford International, and Willbros Group jumped 2.3% 2.3%, 3.1%, and 3.4%, respectively.
Oil Services shares are currently trading down about 0.8% on the day.
During a half-century in the oil services industry, Dawson, 77, has seen plenty of ups and downs and heard plenty of pessimistic utterances.
Be aware the stock sells at 20 times earnings, the multiple for the prime oil services stock in the world.
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In January, Schlumberger (nyse: SLB - news - people ), the largest oil services concern, delighted Wall Street with unexpectedly high earnings.
Special offer: The last time oil prices retreated in the fall, smart investors made gains of 40% and more buying cheaply priced oil services stocks.
Those living in oil-rich regions such as Texas, Alaska or Alberta, or whose jobs are in oil or oil services, should take short positions in oil.
Bert Dohmen , editor of the Wellington Letter, also sees oil dropping further from current prices, but still advances a bullish case for oil services companies.
The operating environment has certainly improved for Halliburton, as higher crude oil prices and new shale gas drilling projects have brought new opportunities for oil services firms.
Those valuations compare favorably with larger, riskier oil services stocks.
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