
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 whole sector has been picking up. This one is global so they get the benefit of that. The huge opportunity in the US is the reserves that have been uncovered in the last several years. Has never been a cheap stock but is trading below where it historically has. If you own, it will probably work out for you.
A lot of the energy services companies are going to do very well and this is a leader in the space. Feels this is a very long term trend in the development, especially in the US and Canada, which has very stable political jurisdictions.