Summary Schlumberger revealed another strong quarter with both solid sales and earnings growth. Global drilling activities are picking up, while Saudi Arabia is returning to record production levels. Schlumberger's stock price has not reacted yet and offers investors a great entry point. In April of this year, I wrote an article about the Schlumberger (SLB) recovery. I mentioned the return of growth in the US, while I expected a recovery in other regions as well. The second quarter confirmed these expectations. Schlumberger is back on track. https://seekingalpha.com/article/4189429-schlumbergers-business-recovering
Slamburger called one of my brothers back earlier this year to The Slope, I agree they are indeed doing better!
And for all those phony antis, here's a kick for you. https://dms.licdn.com/playback/C560...t=ljTBOAh-zxFtIRDMw1fvmat5wuGMM0WNdSr22z49v24
Got drilling here, Schlumberger and Halliburton in evidence on the roads. Local NG production is down for a number of reasons, but the market is very promising.
Another real indicator of economic health. It appears SLB average around $75 in the last 10 years with peaks as high as $117 but has been down a bit the last few years. They still show no PE - meaning - loss money the last quarter but hopefully this report means brighter days to come.
