Even with crude oil prices setting records almost daily and natural gas prices firming nicely, it's a fact of life that oilfield services companies that bring in a big portion of their bacon from producing horizons in the U.S. can generate varying levels of sizzle. Take BJ Services (NYSE: BJS) and Smith International (NYSE: SII), for instance. Houston-based BJ watched its results slip in the most recent quarter on the basis of weak domestic contract prices. Furthermore, the company doesn't foresee an imminent reversal of that trend. However, Smith -- what a fabulous and imaginative name for a company! -- was still able to gin out an almost 15% increase in net income for the quarter.

Full story: fool.com