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Brandon Beylo: Oil services stocks post new highs with OIH breakout

Brandon Beylo: Oil services stocks post new highs with OIH breakout
Oil services stocks at new highs

Brandon Beylo highlights strong performance in oil services stocks, noting that many names are reaching new highs.

Beylo points out that OIH, an oil services exchange-traded fund, is breaking out of a long-term base going back to 2018. He raises the question of whether oil services could become a major 'bottleneck' investment theme and states that he currently owns OIH.

Beylo has recently covered sector moves in detail. Earlier this month, he reported on Idaho Strategic's acquisition of the Niagara Copper-Silver Project with 154 million pounds of copper and 8.8 million ounces of silver. He also discussed Ryan Cohen's $55.5 billion takeover offer supported by an eight-page slide deck.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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