The service companies and drill rig operators are exciting due to the probable magnitude of earnings momentum this year and next.

FORBES: Magazine Article

In the oil service sector, North American pricing remains depressed into a declining rig count.

FORBES: Catch The Bus For 1650 Market Street

The bad news is much of this is already priced into the stocks of some oil-service companies, including BJ Services and Transocean (nyse: RIG - news - people ), both selling for more than 30 times this year's expected earnings.

FORBES: Magazine Article

Oil service stocks of interest are HAL, BHI, SLB, NOV, RIG, CAM, NBR, WFT, RDC, DO, and TDW. Refiners of interest are VLO, TSO, WNR, HFC, and MPC.

FORBES: The Real Reason Oil Broke Through $100

Mr Osborne made the announcement at a former oil rig construction yard at Nigg which is set to become a service hub for the energy industry, employing an estimated 2, 000 people by 2015.

BBC: Osborne unveils ?103m renewables funding for Scotland