Oil Field Services (Not Out of the Woods)

It has been a bloodbath for the midstream segment of the oil and gas industry the past two years. With oil mired in the mid-40s and talk of peak supply, "It is now consensus that global oil markets will swing into surplus in 2018 and the burden of proof that this will not happen lies with the bulls," said Morgan Stanley analyst Ole Slorer. Others are calling oil to $30. Ruh roh.