BUFFETT & BLACK GOLD: Which China Shares To Benefit?: "Shandong Molong Petroleum Machinery (SZA: 002490) has already seen robust order book activity for shale oil business in the US market.
The Shenzhen-listed firm is a domestic powerhouse in drilling equipment, especially oil jacket tubes.
Kingdream (SZA: 000852) is the world’s No.3 play in oilfield drillhead and drillbore manufacturing and is tops in Asia, with its products expected to be in high demand amid the expected shale oil boom in North America.
Management says its orders from US drillers have seen continuous increases and it is very bullish on market potential.
Jereh (SZA: 002353) is also a major competitor in the drilling equipment sector and touts itself as China’s most technologically advanced bore maker.
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