
NYSE:SLB
This summary was created by AI, based on 6 opinions in the last 12 months.
Schlumberger Ltd. (SLB-N) has garnered attention from experts due to its strong technological advancements that enhance oil and gas performance. A recurring revenue of $1 billion from digital services, which comprises 7% of its business, highlights the company's robust fundamentals. Despite some uncertainty in oil prices, particularly with fluctuations resulting from geopolitical developments in Venezuela and Iran, analysts express confidence in SLB's long-term potential due to the significant under-investment in the oil sector. While some experts suggest potential trimming of positions after recent gains, the general sentiment indicates that the company is well-positioned to capitalize on forthcoming opportunities in the energy sector. Overall, many experts view SLB as a long-term hold with a healthy yield and strong market fundamentals.
The oil landscape has drastically changed in the past decade. The Saudis were the swing producer before; now it's the Americans. We also have competing sources of energy, namely wind and solar. That said, oil won't go away for decades. He owns fewer oil stocks (he sold Haliburton), but holds onto names like Suncor and Parex, which should do better than an oil service name like SLB.