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02 Feb
20:06

Carpenter predicts surge in domestic drilling capex

US specialty steel producer Carpenter Technology sees a wave of oil and gas exploration capex headed its way in 2018, Kallanish learns from the company’s quarterly earnings conference call with analysts. Ceo Tony Thene told analysts that the market as a whole appears to be strengthening, despite a recent flattening of the North American rig count. “Large service providers are signaling that spending budgets for North America are expected to increa…
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