CNBC’s Dominic Chu was reporting on the stocks related to oil and pipeline industry and he covered on stocks that were the biggest losers as well the biggest gainers in the market. While he felt that companies like Halliburton Company (NYSE:HAL) and Schlumberger Limited. (NYSE:SLB) were on their multi year highs and probably the best performing stocks as of today in the oil and energy sector, he also said that the major players were not performing well.
Chu was analyzing about all the different parts of the oil and gas trade and he mentioned about functions of different companies in the sector and he also said that there are few companies that take care all the tests of oil production individually and his analysis was the big ones were not going up in the stock market while small companies like Halliburton Company (NYSE:HAL) and Schlumberger Limited. (NYSE:SLB) were key market gainers while the integrated oil companies were losing mostly. Companies such as Exxon Mobil Corporation (NYSE:XOM) and Chevron Corporation (NYSE:CVX) have not been doing very good in the market and they have majorly lost recently.
Investors are interested in smaller companies like Halliburton Company (NYSE:HAL) and Schlumberger Limited. (NYSE:SLB) and here is what Chu exactly stated:
“On the oil services side, you got Halliburton at a record high or setting one today. There is also Baker Hughes and Schlumberger at multi year highs as well.”
While there were few more names that he mentioned that were doing well, Halliburton Company (NYSE:HAL) and Schlumberger Limited. (NYSE:SLB) topped the list and these along with Baker Hughes Incorporated (NYSE:BHI) are the stocks that are performing exceptionally well.
Key Investors of Halliburton Company (NYSE:HAL) are Appaloosa Management Lp with around 5 million shares and Brave Warrior Capital with approximately 4 million shares. Schlumberger Limited. (NYSE:SLB)’s major investors are Ken Fisher’s Fisher Asset Management with about 4 million shares and Greenhaven Associates with around 3.56 million shares. These figures were as of March 31st 2014.
Disclosure: None
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