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The Company provides land and offshore contract drilling services and rental tools on a worldwide basis to major, independent and national oil and gas companies and integrated service providers.
Energy stocks generally have to do well due to trends in the supply-demand situation.Since over 80% of petroleun stocks are controlled by one government or another, the energy service area is attractive because it does not depend on ownership of a commodity that some government can suddenly tax or seize. Parker stands out because it drives deeper into the boonies and deeper underground.
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