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HistoricalPEGuy (63.68)

Oil Field Services in Charge

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July 22, 2011 – Comments (0) | RELATED TICKERS: SLB

I blogged several months ago about the power OFS companies like SLB have when times are good.  They can charge even more for their services by being selecting the only the best deals.  The CEO of SLB made that point today very clearly...

"Gould said it will be a continuing challenge for the company "to supply both the North American and international markets with the required equipment and people." That's means profits will be up even more this year. Increased drilling activity usually benefits oil service companies by boosting the amount they can charge for rig equipment and other services."  - AP http://finance.yahoo.com/news/Schlumberger-2Q-profit-jumps-apf-1894887878.html?x=0&.v=5

-- HPEGuy

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