'A reversal of fortunes': Oilfield companies prospects set to rebound in the first quarter

CALGARY – A rebound in the oil and gas industry is poised to boost drilling and fracking companies, which have felt the pressure of the oil price downturn the longest, as analysts expect activity and pricing to rise 10 to 15 per cent over the coming year. As oilfield services companies begin reporting their first quarter earnings this week, led by Mullen Group Ltd. on Wednesday, investment banks expect the sector to post surprisingly improved financial results. -- More...