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Stock impact report

IEZ: We Think Service Companies Could Bring Relevant Supply Online In Venezuela [Seeking Alpha]

Baker Hughes Company (BKR) 
Company Research Source: Seeking Alpha
IEZ is heavily concentrated in SLB, Baker Hughes, and Halliburton, which may benefit from service contracts that could restore lost oil production from pre-Chavez levels. Despite possible new business, IEZ remains highly correlated with oil prices and commodity-indexed peers, which we believe limits its ability to outperform. Given rising upside risks to oil supply and price pressure, we are not confident in IEZ's near-term return potential. Looking for a helping hand in the market? Members of The Value Lab get exclusive ideas and guidance to navigate any climate. Learn More » Saulo Angelo/iStock via Getty Images The iShares U.S. Oil Equipment & Services ETF ( IEZ ) is a bit of an interesting prospect at the moment given everything that is happening with Venezuela, a country with considerable oil reserves, and more importantly More on my IG service Thanks to our global coverage we've ramped up our global macro commentary on our marketplace service here on Seeking Alpha, Show less Read more
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