Schlumberger, Limited (NYSE:SLB)
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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Schlumberger has a solid turnkey oilfield operation. The company generates fiercely loyal workers and is a primary developer of new technologies for petroleum exploration, and production. Most of the competition has been purchased or run out of business. Its major competitor being Halliburton. With no letup in sight for the demand for petroleum, Schlum will begoing strong for atleast a year or so.
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OIl and Gas services are in too short availiability to too high demand not to show excellent results in SLB
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Price of oil rising should help oil industry.
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I can't believe that I didn't have this one already in my picks. Pretty much a no brainer in the energy sector. well off it's 52 week high, and even though it's P/E is a little higher than I like, I'll take it.
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You know what? You can say all you want about oil price dropping. And the reality is "Not a single American can go a day without oil." We need it to survive in the mean time. Alternative energy isn't going to replace oil overnight. Supply in demand. The people don't lie the media do. Hear what you want to believe, but see what is really happening.
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largest oil services
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Great model in energy. Actually should do better than companies that "own" reserves. Work well with sovereign oil companies and can leverage a lot of investment they don't have to make. Would take this longer, but state-owned oil will eventually expand state-owned services.
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10 years- Schlumberger (SLB) Higher oil prices are here to stay. As oil prices stay at these levels or continue to rise due to outstripped supply, previously expensive oil extraction methods become more affordable and necessary. This is where Schlumberger comes into play as a premier oil services company. Look for its bull run to continue at a reasonable rate for years to come
per TastyLunch
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Oil Services and this IS the 800 lb Gorilla
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its the oil stupid
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solid energy play, I see $110 by August
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No reason not to have this company in a balanced portfolio.
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UP UP UP down UP UP UP
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This company is about to soar to new highs. It is time to buy.
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We are past the end of cheap oil, meaning a higher fraction of the profits go to oil services firm. These guys don't have to worry much...
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Sclumberger will prosper as the need to search for new oil and gas wells intensifies due to the ever increasing prices for fossil fuels continues.
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a bargain for the best of breed company
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An fantastic pick due to technology & solutions to optimize performance in oil & gas products.
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we are out of oil, they can charge what they want to service oil producers
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It has been very good qnd their is the currency hedge.
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