LongBullish
Oct 16, 8:43 PM
$CVX $TISI A surge in oil prices is bullish for Team, Inc. (TISI) because the company provides industrial inspection, testing, maintenance, and repair services to refineries, pipelines, petrochemical facilities, and other energy infrastructure.
Higher oil prices improve demand for TISI's services. Unlike an oil producer, TISI does not primarily benefit by selling oil at higher prices. It benefits when energy companies increase spending on the infrastructure that processes, transports, and stores oil and gas.
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