We're sort of in an oil price bubble.
Earnings estimates are factoring in generous prices and in the second half of the year comparisons are going to get difficult.
[Within the broader sector,] companies that are producing and selling the product are the most vulnerable, ... The oil service group is less vulnerable, because there is increasing pressure to spend more for the resources.
That's a big concern because they do have a lot investment opportunities there. Unfortunately, they could be unfulfilled.