Oil Spill Play: Newpark Resources (NYSE:NR)

The energy sector is facing some challenges. The British Petroleum (BP) oil spill in the Gulf of Mexico has blackened a few eyes on both sides of the Atlantic, but the energy sector is still loaded with profit potential for the astute investor. We recently highlighted one name that can deliver tidy returns to investors regardless of oil’s volatile price swings with Kinder Morgan (KMP). Now, we think it might be a good idea to look for stocks with less involvement in offshore drilling. One such stock is Newpark Resources (NYSE:NR), a Texas-based provider of drilling fluids, temporary worksites and access roads for oil and gas drillers. Yes, Newpark has some exposure to the offshore business, but the company is more of an onshore drilling play. They specialize in land-based…
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