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Schlumberger Limited (SLB)

NYSE - Nasdaq Real-time price. Currency in USD
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30.01+0.77 (+2.63%)
At close: 04:00PM EST
30.20 +0.19 (+0.63%)
After hours: 06:47PM EST
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  • f
    flair
    I heard about SLB the other day on (http://financialdeals.tech). It’s looking like an interesting play.
  • S
    Sandor Clegane
    Another "much ado about nothing" is coming today. Covid variants should be expected for years to come. There's not going to be lockdowns and people already got used to live with it and get on with their lives. A sharp selloff in the midst of a long term bull market in oil is just a buying opportunity - the fundamentals haven't changed. There is shortage of oil.
  • T
    Tim
    People are finally talking about SLB..... Just heard it being a top 3 energy sector investment from one of the guys on Fast Money and it's on the top 26 cheap stocks Yahoo article. Doesn't sound like much, but I haven't heard SLB being talked about for months.
  • D
    DANIEL
    $CPE conversation
    What is the impact of high inflation and a strong dollar on oil stocks?

    High Inflation: Oil stocks become more desirable to investors as a protection against inflation. "Energy stocks have the best track record during periods of rising consumer prices" (Financial Post, Feb 21, 2021).

    Strong Dollar: This normally means lower commodities prices (including oil). However, two factors will make it different this time (1) the unprecedented underinvestment in oil leading to tight supply while demand continues to be strong, and (2) COVID-driven high inflation is a global phenomenon, not only in the US. When that happens, there is a flight to safety from various currencies to the US dollars, making USD stronger as it is happening now. So, the current strong dollar is extraordinary.

    Feel free to add your thoughts.

    $OXY $RIG $OIH $XOM $CVX $VET $EOG $CNQ $LPI $CLR $CDEV $CPG $KMI $HAL $SLB $PXD $MRO $CEI $DVN $KOS
  • p
    parness
    (http://trademarketview.tech) is a must for any trader. Their watchlist which covers pre-market movers is one of the best researched in the industry. I don’t start trading without reading their daily email each morning!
  • M
    Matt
    In case anyone cares, the severe drop on 11-18 was due to Fidelity Select Energy Portfolio consumating the merger of FSESX and FSNGX into FSENX. I know because my IRA was personally impacted. I really liked FSESX because it was pure play oil services, and had major SLB exposure (18.6% of fund). Looking for another mutual fund that has similar STRONG oil services exposure (SLB, HAL, BKR). Does anyone have any suggestions? Thanks in advance for any suggestions you provide.
  • S
    Sandor Clegane
    Just bought back at $30.21. Pretty sure I didn't catch the bottom in this crazy market, but it was a nice swing trade.
  • M
    Mark
    Nations so desperate for oil that they are willing to sacrifice their strategic oil reserves to prevent rising prices. Leaders aren’t smart enough to know the strategic reserves are there for a much greater purpose. And it still won’t stop the rise of oil prices.
  • S
    Sandor Clegane
    It looks like $77 oil is the end of the oil industry.... lol. I am going to be buying back the shares I sold at $34 a short while ago.
  • J
    Joe
    Day & Swing Traders selling this stock. Longs are holding because there's a Global Energy Crises and it'll really show itself this Winter.
  • D
    DANIEL
    $OXY conversation
    "The breakeven price for oil in many OPEC nations' budgets is between $70 and $75 a barrel — meaning they are only now just breaking even."

    "OPEC is not interested in pushing prices back down to $60 a barrel. They have zero interest."

    - Francisco Blanch, Head of Global Commodities at Bank of America

    So, OPEC+ won't rock the boat and supply will remain tight while demand continues to increase. Good news for oil stocks.

    https://www.cnn.com/2021/11/03/business/gas-prices-oil-opec/index.html

    $OXY $CPE $RIG $OIH $XOM $CVX $VET $EOG $CNQ $LPI $CLR $CDEV $CPG $KMI $HAL $SLB $PXD $MRO $CEI $DVN $KOS
  • C
    CHAMP
    Big redemption of notes , reducing debts, this along with next oil price pop back up to 80-90, will send SLB to 35-40 range, buy now plus dividend, opinion only good luck folks
  • D
    DANIEL
    $OXY conversation
    “OPEC refuses to step up oil supply hikes and risks bare-knuckle fight with White House”

    “What happens in the coming weeks will have major implications for the global economy.”

    $OXY $CPE $RIG $OIH $XOM $CVX $VET $EOG $CNQ $LPI $CLR $CDEV $CPG $KMI $HAL $SLB $PXD $MRO $CEI $DVN $KOS

    https://financialpost.com/commodities/energy/opec-panel-recommends-keeping-current-pace-of-oil-supply-hikes/wcm/877c28c5-5213-4121-8145-27c9642d79e7/amp/
  • C
    CHAMP
    Long and Strong, oil sector back in favor, SLB a top oil stock to invest in , world leader, plus a pultry dividend, needs to be raised, but next time oil hits 90plus, SLB will pop and break thru 35 up to 39-40 range by x mas, opinion only g luck
  • T
    TR
    OPEC+ is saying they won't increase supplies. While also saying they can't - certain countries have under-invested in exploration and development. Something's gotta give and I believe that involves Schlumberger.
  • S
    Sandor Clegane
    I sold yesterday half my position at $34. The recovery is slow, especially in the oil services. I believe we're in for a trading range, until dividends increase. I put the money instead in refiners that are already producing pre-covid profits and are still trading below pre-covid levels, whereas oil services are trading at pre-covid levels but have sales and profits way below. Just a value rotation. I still own SLB and will be looking to buy back on a pullback to around $30.
  • J
    Joe
    Europe and China in a global energy crises with the USA soon to follow. Opec keeping production low while demand is high and winter is coming!
  • M
    Matt
    If you think this is good, just wait until they start dropping the regular press releases on carbon capture, tech integration, etc. I've been watching the moves SLB has made over the past 18months- they are setup well for where the future of "green oil" is going...
  • T
    TR
    Nov 16 (Reuters) - ABU DHABI NATIONAL OIL CO:

    * ADNOC ANNOUNCES RECORD $6 BILLION INVESTMENTS TO ENABLE DRILLING GROWTH

    * INVESTMENTS ARE IN THE FORM OF PROCUREMENT AWARDS TO TOP-TIER CONTRACTORS FOR WELLHEADS AND RELATED COMPONENTS, DOWNHOLE COMPLETION EQUIPMENT (DCE) AND RELATED SERVICES, AND LINER HANGERS AND CEMENTING ACCESSORIES - ALL CRUCIAL IN DRILLING FOR OIL AND GAS AND COMPLETING WELLS

    * INVESTMENTS TO BOOSTS ITS CRUDE OIL PRODUCTION CAPACITY TO 5 MILLION BARRELS PER DAY (MMBPD) BY 2030

    * OVER $1.8 BILLION (AED6.6 BILLION) WORTH OF DRILLING-RELATED EQUIPMENT TO BE MADE IN THE UAE

    * MORE THAN $900 MILLION WORTH OF WELLHEADS AND OVER $700 MILLION WORTH OF DOWNHOLE COMPLETION EQUIPMENT WILL BE MANUFACTURED IN UAE

    * $185 MILLION IN FDI WILL FLOW INTO UAE'S ECONOMY TO ESTABLISH TWO WELLHEADS MANUFACTURING AND ASSEMBLY FACILITIES

    * PROCUREMENT AWARD FOR WELLHEADS AND RELATED COMPONENTS IS WORTH UP TO $3.27 BILLION

    * GASOS, UAE AGENTS FOR TECHNIPFMC, AND AL GHAITH OILFIELD SUPPLIES & SERVICES , UAE AGENTS FOR BAKER HUGHES, SECURED AWARDS WITH BOTH COMPANIES HAVING AN EQUAL SPLIT OF SCOPE WHICH RUNS FOR 10 YEARS

    * PROCUREMENT AWARD FOR DOWNHOLE COMPLETION EQUIPMENT AND RELATED SERVICES IS WORTH UP TO $2.34 BILLION

    * SCHLUMBERGER'S ( SLB
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    ) SCOPE IS VALUED AT UP TO $1.41 BILLION (AED5.18 BILLION) WHILE ADNOC CLASSIFICATION: PUBLIC WEATHERFORD'S SCOPE IS VALUED AT UP TO $931 MILLION (AED3.42 BILLION). THE AWARD RUNS FOR FIVE YEARS WITH AN OPTION TO EXTEND FOR TWO YEARS

    * SCHLUMBERGER MIDDLE EAST S.A (SCHLUMBERGER ( SLB )) AND WEATHERFORD BIN HAMOODAH COMPANY L.L.C (WEATHERFORD) SECURED AWARDS
  • ẞeyhmus
    $XOM conversation
    it is a good sign that $XOM, $CVX, $SLB, $COP all finished green even though oil pulled back significantly.