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7 pts

Opinion on  Schlumberger Ltd (SLB)     Sector: Energy  >  Industry: Oil Well Services & Equipment
Higher Oil Prices!!!!!

Apr 02, 2008 12:53 PM GMT
Barbaro
Return Risk
+3.43% HIGH
Associate

Since late January Schlumberger has been running up thanks to the run on oil. This appears to be the right thing. But the truth is it is the volume of oil  driven by a growing economy is what drives this company. As long as the American economy is weak there will be hesition in exploring the Gulf of Mexico and Alaska for new oil.


SLB:  This call was made on 04/02/08 @ $89.15
Rating:   Negative   $89.15 (04/02/08)
Closed:   09/18/2008 @ $81.91 (+8.12% in 169 days)
Target:   $80.00 (-10.26%) in > one year


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Who voted on this idea?
scottieb0623 N/A 04/02/2008



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