T-3 Energy Services (NASDAQ:TTES) provides essential safety equipment for oil and gas rigs. Though drilling activity has been affected by the fall in commodity prices, Chris Mayer says the stock has been massively oversold. Today it is trading at $19, down from a high of $84 last year. Given its healthy cash flow and strong international growth outlook, Chris says a move back to $60 is on the cards.

The strengthening U.S. dollar has had a larger effect on the price of oil and other commodities than the supply and demand concerns we normally think of. Hurricane Gustav was not able to stop the oil price slide, and the collapse of Lehman Brothers (NYSE:LEH) pushed the price down even further.

Russia’s actions in Georgia have provoked stern criticism in the West. But Moscow may also find itself lacking support among it’s ‘allies’ in the Shanghai Cooperation Organization (SCO), which meets this weekend. Dave Gonigam says this provides an opportunity for the U.S. to improve its dialogue with the Kremlin. But the stance in Washington is decidedly confrontational. This will help keep crude oil prices high…

High natural gas prices mean strong demand for drill rigs. More demand means higher day-rates for the rigs. That means it’s a great time to own drillers.

In March, this company announced that its oil and gas reserves were up 28% and rumor has it they are expecting to confirm a significant reserve discovery in the next few weeks. The stock price has already seen a 69% increase this year so you don’t want to wait to jump onboard.

Gazprom is the world’s largest natural gas company. It holds 17% of the world’s total, and 60% of Russia’s. It also controls the trunk lines throughout Russia as well as most production, transmission, processing and marketing.

Earlier this week, Andrew Mickey explained how the time has finally come round for the liquefied natural gas (LNG) market. Today, Chris DeHaemer of Crisis Trader further explains why the world is worried.

Natural gas is becoming a truly global commodity. For decades, natgas had to be consumed on the same continent it was produced. There was no way effective way to transport it like oil. But the global natural gas market is changing, and profits will be had by those that change along with it.