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$67.59 -4.94 (-6.81%)
10/6/2008 9:58 AM

Schlumberger Limited (ADR) (SLB)

CAPS Rating:
*****

An oilfield services company, supplying technology, project management and information solutions that optimize performance in the oil and gas industry. It consists of two business segments: Schlumberger Oilfield Services and WesternGeco.

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Avatar thesteveleon (98.08) Submitted: 10/06/06 3:43 AM : Outperform Start Price: $58.83 SLB Score: 38.89

stock should not go down simply because oil has gone down. we still need to look for more oil.

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Avatar scootercommuter (< 20) Submitted: 10/13/06 5:47 PM

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I agree that we need to look for more oil, but the reality of the market, just like any other market, is when the price of the commodity goes down so does the value of the stock that supplies that commodity. So when the price of oil goes down, there isn't as much money to search for oil so the Big Oil companies hold back on locating new sources of oil and try to squeeze as much oil as they can out of their current reservoirs. Unfortunately we can squeeze ever more oil out of current producing wells which in effect puts a company like Schlumberger, at least the well logging division, into a squeeze because the Big Oil company isn't looking as hard for new sources of oil.

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