The entire oil & gas equipment sector is dramatically undervalued. Baker Hughes(BHI) has a PEG ratio of 1.00. Schlumberger(SLB), which has gone up 60% in the last year and has been the best of breed in this group, has a PEG of 1.15. Halliburton(HAL) is selling at a PEG of 0.89. These are fire sale prices. Cheap oil is a thing of the past and these guys are the picks and shovels merchants of this century's gold rush.
Maybe it's going to take some consolidation for the full value of these stocks to emerge.
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