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SLB - Schlumberger Ltd. - Page 2

post #21 of 39
Looking good today - could break out to 85 over the next couple weeks IMO
post #22 of 39
Am I the only on HSM buying SLB at these prices? I picked up a few shares at $70 earlier this week and then bought again this morning at $62.50.
post #23 of 39
Quote:
Originally Posted by JaysonW View Post

Am I the only on HSM buying SLB at these prices? I picked up a few shares at $70 earlier this week and then bought again this morning at $62.50.


MACD and KDJ both had a dead cross together on Sept 19 which tells me there will be a deep down trend in future. Unless there would be a very bullish market which is unlikely to be, you'd better sell it. 

post #24 of 39
I'm still actively trading SLB between $67-$70. Anyone thinking it's going to rise back to the $85 level soon? As of late it sure seems like it wants to.
post #25 of 39
Great Q4 report this morning before the bell. I took profits at $75.25 today and bought back at $73.50. For now, I think Schlumberger is range bound for a while with $76 being a top. This stock seems to get no love even though it's always brought up on cnbc as a "buy."
post #26 of 39
Anyone a buyer at $65.00? According my chart SLB is right at the lower Bollinger Band and is also oversold. I've been buying since $70.
post #27 of 39

54-55 area is what im lookin at. Pull up the weekly and youll see it.

post #28 of 39
Yikes, you think we're gonna hit new 52-week lows? I hope you're wrong, but I'll be buying again at $57. Have yet to see HAL break $29, so that's a good sign for the sector.
post #29 of 39

i have no idea, NBR sure looks like it could test the 52 week low. OIH maybe too. BHI still doing shitty. too soon to tell.

post #30 of 39

i love this stock because it is so undervalue. i do expect this stock to rise to $70+ in june. 

post #31 of 39
I would think that if SLB follows the same pattern it did last fall, it should get back to the mid $70s as soon as this downward momentum loses steam.
post #32 of 39

Sector peers seem cheaper than SLB. Either way i have no pony in this race.

Quote:
Originally Posted by corrado85 View Post

i love this stock because it is so undervalue. i do expect this stock to rise to $70+ in june. 

post #33 of 39
I hold SLB in two separate accounts. I think as soon as I can turn a profit in one of them I'll sell the whole position and jump into OIH. Any of you trade this Oil ETF?
post #34 of 39

Schlumberger SLB: Q3 EPS of $1.29 beats by $0.05.

post #35 of 39

Standard & Poor’s raises its corporate credit rating on Schlumberger SLB one notch to AA- from A+, saying the company’s competitive advantage and profitability are superior to peers.

post #36 of 39
lookin good...maybe poised to break out again and make a run at 100


post #37 of 39

SLB chart analysis right now...

 

 

post #38 of 39
Schlumberger to slash 9,000 jobs as oil prices plunge

by
Reuters

January 15, 2015, 7:27 PM EST





Job cuts at oil services giant comes amid a wave of layoffs in the industry.

(Reuters) – Schlumberger Ltd, the world’s No.1 oilfield services provider, said it will cut 9,000 jobs, or about 7 percent of its workforce, as it focuses on controlling costs amid plummeting oil prices.

The company said it took charges amounting to $1.77 billion in the fourth quarter including impairment charges related to its seismic business, Venezuela currency devaluation and job cuts.

Schlumberger had said last month that it would take a $1 billion charge related to jobs cuts and the writedown of some seismic vessels.

“They did say they would be cutting jobs, but the magnitude of them is definitely a shocker,” Philip Van Deusen, an analyst with Tigress Financial Partners LLC, told Reuters.

A slew of global oil majors such as BP Plc BP 0.17% and ConocoPhillips COP -1.93% have cut jobs due to a nearly 60 percent slump in oil prices over the past six months. Brent crude closed at $47.67 on Thursday.

“If oil prices stay at this level, none of these companies would just be able to adjust with one round of workforce reductions,” Robin Shoemaker, analyst with KeyBanc Capital Markets, told Reuters.

Schlumberger’s customers – oil producers – have slashed capital budgets for 2015 and reduced the number of rigs.

The Houston-based company said capital expenditure, excluding multiclient and project management investments, is expected to be $3 billion for 2015. Capex for 2014 was $4 billion.

“In this uncertain environment, we continue to focus on what we can control..” Chief Executive Paal Kibsgaard said.

Schlumberger, which provides drilling technology and equipment, reported a fourth-quarter profit that beat Wall Street estimates for the tenth straight quarter.

Revenue rose 6 percent to $12.64 billion, mainly helped by an 18.5 percent jump in revenue from North America.

Net income attributable to the company fell to $302 million, or 23 cents per share, in the fourth quarter ended Dec. 31, from $1.66 billion, or $1.26 per share, a year earlier.

On an adjusted basis, the company earned $1.50 per share, beating the average analyst estimate of $1.45 per share, according Thomson Reuters I/B/E/S.
post #39 of 39
Schlumberger to cut more jobs, expects delay in U.S. land drilling recovery

Schlumberger to cut more jobs, expects delay in U.S. land drilling recovery

by Reuters

April 16, 2015, 6:07 PM EDT




The company now plans to cut 11,000 jobs rather than the 9,000 it said it would cut in January.

(REUTERS) — Schlumberger Ltd, the world’s No.1 oilfield services provider, said it would cut a further 2,000 jobs and that it expects a recovery in U.S. land drilling activity to be delayed.

The company said on Thursday that it now plans to cut 11,000 jobs, higher than the 9,000 jobs it had planned to cut in January.

Schlumberger SLB 2.36% , which provides drilling technology and equipment to oil and gas companies, said first-quarter revenue fell 19 percent from the fourth quarter, blaming lower drilling activity and pricing, especially in North America.

“We believe that a recovery in US land drilling activity will be pushed out in time, as the inventory of uncompleted wells builds and as the re-fracturing market expands,” Chief Executive Paal Kibsgaard said in a statement on Thursday.

“We also anticipate that a recovery in activity will fall well short of reaching previous levels, hence extending the period of pricing weakness.”

Schlumberger’s customers have slashed capital budgets for 2015 and reduced drilling activity to adjust with the decline in global crude prices, forcing the company and its peers, Baker Hughes BHI -0.91% and Halliburton HAL -0.89% , to cut thousands of jobs last quarter.

Schlumberger said revenue fell nearly 9 percent to $10.25 billion in the first quarter ended March 31.

Revenue from its international business, which accounts for two-third of total revenue, fell 8 percent.

Net income attributable to Schlumberger fell to $975 million, or 76 cents per share, from $1.59 billion, or $1.21 per share, a year earlier.
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