--the idea being that even though the drillers are hurting they're customers aren't.
True. It's also why (imho) over the past 3 months utilities have been on the roof even while the energy sector's been in the sub-basement.
What about looking at buying stock in refineries or oil companies like marathon that should see their refining side of business offset some of their production side losses. Shouldn’t lower oil cost help profits somewhat on the refining side?
There are now two separate companies, Marathon Petroleum Corp and Marathon Oil Corp. Each represents a play on different aspects of the US oil market.
--the idea being that even though the drillers are hurting they're customers aren't.
True. It's also why (imho) over the past 3 months utilities have been on the roof even while the energy sector's been in the sub-basement.