Most of Wall Street is saying to stay away from anything energy related. Please, don’t listen to them.
Instead, listen to the people at ground level that actually see what is going on in the energy industry.
Higher energy prices over the past year have pushed up drilling and production activity and triggered a rush to secure the equipment and personnel provided by oil services companies. Equipment shortages, materials like frac sand, and insufficient manpower have allowed the oil services firms to raise prices.
This post originally appeared at Investors Alley.