"Valuations for even the best-placed, most well-established companies in the energy space are sitting at levels unseen since the late 1990s when oil prices collapsed to around $10 per barrel," says energy sector specialist Elliott Gue.
Here, the editor of The Energy Strategist looks at Schlumberger (NYSE: SLB), noting, "The firm active in just about every imaginable market and I regard the company as a top-notch indicator of ongoing trends in the oil services business."
Minyanville contributor Quint Tatro dares to share the kind of keen insight and actionable information you won't findin any prospectus. For more original thought, visit www.minyanville.com.
Despite the fact that just about every chart out there screams bear market and downtrend, at this juncture I can't justify adding new shorts. It feels like a trap in that the steepness of the recent decline could eventually usher in a snapper that would rip the heads off new shorts so rather than ve...
After seeing the historic volatility in oil over the last year, we at Portfolio Asset Management asked a simple question: How should we take on risk in the energy markets? Warren Buffett once said, “Risk is not knowing what you’re doing.” Others see risk as the chance of permanent loss. We agree with those ideas, so in this context we need an investment well positioned to handle the uncertainties of the oil market.
As a Value Investor, I routinely find myself stepping in front of "Moving Trains" to buy beaten up stocks.Sometimes when you do this, you get run over and end up catching a "Falling Knife".Other times, you find yourself at the beginning of a "Hockey Stick curve climb" (sorry, Canadians have to refer to Hockey once in a while!)
With the incredible fall of the price of oil recently, many oil services stocks have been dragged down considerably.Some of the observed drop in these stocks might not be fully warranted, though.Although their clients (namely the Large Oil Companies and Nation
2006 #5 Bearish crossover Schlumberger Limited operates as an oilfield services company in the United States and internationally. It has two segments, Oilfield Services and WesternGeco. The Oilfield Services segment provides technology, project management, and information solutions to the oil and gas exploration and production industry. This segment offers wireline technologies comprising open-hole and cased-hole services; directional-drilling, measurement-while-drilling, and logging-while-drilling services; exploration and
The need for oil drilling services will continue even if the price of oil declines, according to Richard Lehmann. Here, in his The ETF Investor, he looks at a favorite way for investors to play this trend.
"Oil prices have a triple or quadruple price boost associated with them. The first is supply/demand dynamics, the second is the weak dollar, the third is speculative fervor and the fourth inflation fears.
With the economy facing soaring crude oil prices for the past year, consumers and drivers have seen a major impact on their savings. It could seem as though the good old times are over. Gasoline at $4 a gallon is not something we can ignore, and if we take into account that Americans consume nearly 40% of the world's gasoline, you can see where the problems begin. So the surge in oil prices came with an imminent effect on consumers, who had to cut back on their spending.
Readers of this space know that one argument forwarded here is that in the era of elevated energy prices the oil/natural gas services sector is likely to remain strong for the foreseeable future, barring the discovery of cheap, widely-available, alternative energy. And among oil/natural gas services companies, Schlumberger is worth an evaluation.
Oilfield services company Schlumberger (NYSE: SLB) (pronounced: "shlum-bur-ZJAY") is likely to benefit from growing demand for oilfield services technology, particularly in the high-technology-de...
Take your pick. Either one is going to make you money. Oil was up over $10 on Thursday and Friday, setting records for both its high price and its US dollar move. In response, the US stock market tanked on Friday and the S&P500 is now down 6.5% for the year.
Reports say US citizens' net worth fell in the first quarter for the second quarter in a row. Talk from Israel about bombing Iran didn't help. If this happens and Iran responds by bottling up the Straits of Hormuz, well then $200/barrel oil will look like a nice bargain and a very severe recession, if not depression, will begin. Of cour
"One of my favorite indicators for the energy markets is the quarterly conference calls and earnings releases from Schlumberger (NYSE: SLB)," says energy sector expert Elliott Gue.
In his The Energy Strategist, he explains, "In this quarter's call, Schlumberger's management team was notably upbeat, the most positive on industry growth expectations in more than a year. This is a key shift in sentiment that has broader implications for the energy patch at large."
"One of my favorite indicators for the energy markets is theconference calls and earnings releases from Schlumberger (NYSE: SLB)," saysElliott Gue.
In his The Energy Strategist, he explains, "In this quarters call, Schlumbergers management team was notably upbeat, the most positive on industry growth expectations in more than a year."
"Schlumberger's reports and conference calls have proved extraordinarily useful in the past for determining the most profitable trends and investment themes. The reason for that is simple: Schlumberger is the largest oilfield services company and has its ha
"When it comes to oil services, the world's most dominant company by far is Schlumberger (NYSE: SLB)," says Stephen Leeb, editor of The Complete Investor. Here, he looks at this "extraordinary" company.
"The question isn't whether inflation will worsen-it's how to protect yourself. Major and obvious lifelines we've stressed include precious metal and commodity companies, especially ones able to boost production.
"For additional inflation insurance, look to what Warren Buffett likes to
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