The Zacks Oil and Gas - Drilling industry is weighed down by uncertainty and volatility. Customers are pulling back on spending as shifting oil prices, geopolitical risks and trade tensions cloud visibility. Contracting activity has slowed, and while projects are still in play, many operators are deferring work to protect balance sheets. At the same time, oversupply risk persists, with idle rigs and softer day rates threatening margins if activity fails to pick up. Yet, the longer-term story isn’t all bleak ...