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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With the current crude push this is a winner..It's a larger version of WFT
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Provides services, worldwide, to the oil and gas industry, so I predict that this stock will do well for the next few years...
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#1 oil services company. As long as the world needs oil this company will be a winner.
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May be late in getting in
However steadily climbing for 10 years, and oil does not seem like a bad place to have money these days
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Strong business fundamentals, strong balance sheet and excellent reputation. Growth industty where they are a key player and positioned to continue to be richly rewarded for some time into the future.
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ANOTHER GREAT PERFORMER
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The timing, stats, and ratios are all right
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industry leader
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Oil and energy are unparalelled in terms of return. Fundamentals are impeccable with low p/e and great earnings.
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Schlumberger has just announced an 8 billion dollars buyback in addition to the current buyback going on. Schlumberger is the premier oil sevice company in the world
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6 months
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Oil demand is going nowhere but up. Worldwide, countries are announcing depleted reserves and lower production. SLB is a provider to assist without trying to stake a claim on said countries reserves. SLB has the structure to train workforce, the resources to expand capability and the technology to distance themselves from the competition.
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No brainer
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This is a sleeper stock. Its low finally and affordable at this time. Buy all you can. You wont regret buying this stock.
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MSN Top 10 pick
target price: 108.53
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I love the number two guy. Halliburton is the lead on the search for new energy, but SLB is their shadow.
These guys also follow the price of crude, sometimes too closely, which is on an upward march. The low value of the US Dollar insures that SLB will not be going down.
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I have been watching this company for a couple years and there expansion strategies have been very rewarding. I think they will continue to grow. I also like the level of diversification the expansion has brought to the company. I also really like the beat of 1.37 and their ROE. This should be a solid stock in the economic slowdown.
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