What could lift OIH and IEZ out of their doldrums would be not only the Halliburton/Baker Hughes deal coming to life, but that deal representing the tip of the iceberg in a new round of oil services mergers and acquisitions activity.
It is possible. Several of OIH’s smaller components, including Nabors Industries (NYSE: NBR), Rowan (NYSE: RDC), Dresser Rand (NYSE: DRC) and Weatherford International (NYSE: WFT) have been previously mentioned as takeover targets. [Opportunity With Oil Services ETFs]
Market Vectors Oil Service ETF
ETF Trends editorial team contributed to this post.