SLB (Schlumerger) jumped 5.43% to $82.75/share today following better than expected second quarter numbers being released.
I bought in at $65/share.
I cant decide to sale now before something screws the whole stock market up or hold and see how the rest of the year plays out.
I know SLB kicker BHC (Baker Hughes) arse this quarter and everything I have read says the the second half of the year is projected to be better than first.
I know that there is a steady stream of deepwater rigs moving back in to the GOM.
The way I see it is SLB offers high tech premium tools and services at a premium price.
This is why their tools and services are more popular in deep water and other applications with high rig costs.
Maybe this is why the decrease in land rigs in NAM has not hurt SLB as much as other service companies? Just a thought...
Any thoughts or opinions? I dont follow the stock market very closely so I may be looking at it completely wrong.
Maybe one of you guys who know tje market can syraighten me out.
Last edited by Mako19; 07-19-2013 at 04:59 PM.
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