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$94.22 -2.25 (-2.33%)
8/29/2008 4:04 PM

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 stockslueth (79.02) Submitted: 2/09/07 2:43 AM : Outperform Start Price: $64.90 SLB Score: 54.22

Here's why I picked them:

1. The oil services sector is poised for growth as the world's existing proven reserves and oil fields show signs of peaking and depleting.

2. National and integrated oil companies have under invested for years and a new cycle of oil exploration has begun.

3. During their last conference call SLB declared that the era of easy to find oil is over. It is becoming much harder and requires a deeper level of technology and expertise to find and develop new significant deposits of oil.

4. We live in an energy hungry world and demand will increase over time and all indications point to the fact that demand is outstripping available supply.

5. SLB is one of the best in the league for the technology and expertise in exploring for oil.

6. According to my estimated value I believe the company is priced at a discount with a large margin of safety. I expect this stock to significantly outperform the market over the long term and happy to have it as part of my portfolio.

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