Schlumberger Ltd. (SLB)

[eFinanceMarkets]

$SLB

The U.S. Supreme Court today agreed to review a bid by Schlumberger (NYSE:SLB) to allow companies to recoup profits lost due to patent infringement when patented technology is used overseas.

The case involves a fight over how much ION Geophysical (NYSE:IO) must pay for infringing SLB technology that helps search for oil and gas beneath the ocean floor.

The justices will hear SLB’s appeal of a lower court ruling that barred it from recovering more than $93M stemming from foreign contracts the company said it lost as a result of the infringement.

[nowwhat2]

Have U seen Schlumberger of late ?....*(These charts are from WEEKS ago)





Because they are how Ruler-line Hunting works (3 days earlier)







Schlumberger currently (now) $64-ish







Clearly we're looking at a $60-ish Support




.

[benfrankledger]

Schlumberger holds about $5 billion in balance sheet cash and equivalents, totaling $3.56 per share, or ~6% market cap. The company has separate bank lending commitments totaling $6.6 billion in debt. Approximately $4.2 billion is undrawn.

[benfrankledger]

Schlumberger continues to struggle amid higher oil prices.

Although oil prices are reaching multi-year highs, moderating production investment is clouding the company's outlook for the future.

With no apparent end in sight, it makes sense to add some short exposure by utilizing a put spread.

[eFinanceMarkets]

$SLB Schlumberger asks Russian regulator to OK Eurasia Drilling deal

Schlumberger (SLB -0.2%) reportedly has applied to Russia's anti-monopoly bureau for approval of a deal to buy 51% stake in Eurasia Drilling.

SLB agreed in 2015 to buy 45.65% of Eurasia Drilling for $1.7B but the deal fell through after Russia's Federal Antimonopoly Service repeatedly postponed its approval.

The deal likely will further test the chilly ties between Russia and the U.S.

[Timothy Smith]

$SLB There is considerable upside here, and the potential for an upward catalyst if cost inflation continues in onshore North America, plus you're locking in a solid, 3% yield right here. Schlumberger is indeed worth buying.

[eFinanceMarkets]

$SLB Schlumberger (SLB -0.6%) kicked off Q2 oil service earnings, beating expectations with a generally positive take on the domestic and international markets, but it is not enough to provide a boost in trading for the broader sector as investors focus on the macro environment.

Piper Jaffray analyst Bill Herbert sees Q2 results as "considerably better" than expectations but free cash flow was the "lone blemish" in the quarter.

Wells Fargo's Jud Bailey says SLB’s strong North American results are positive for peers including Halliburton (HAL -1.6%), as well as small-cap servicers such as C&J Energy (CJ -5.3%), RPC Inc. (RES -2.9%), Superior Energy Services (SPN -6.4%) and Keane Group (FRAC -3.8%).

Seaport Global's Mike Urban thinks SLB's signs of life in international markets are a very positive read-through for HAL, but SLB is being "mum on the macro," which investors could interpret negatively.

[eFinanceMarkets]

Schlumberger to invest $700M in Nigeria project, national oil company says

Schlumberger (NYSE:SLB) has agreed to invest $700M in development of new oil fields offshore Nigeria under a tripartite pact with a joint venture involving state-owned Nigerian National Petroleum Corp., according to the Nigerian state oil company.

Nigeria expects the fields to yield 50K bbl/day of oil and 120M cf/day of natural gas by early 2019, and add 193M barrels of crude and 800B cf of gas to current reserves.

Nigeria has been seeking investment to increase its crude oil reserves to 40B barrels by 2020, up from the current proven reserves of 37.2B barrels.

[ITMS]

Crude Oil Takes This Oil Services Stock Down, Watch This Trade Level

Today, crude oil is tumbling lower by more than 2.0 percent to $45.75 a barrel. The recent fall in oil prices has certainly hurt many of the leading energy stocks. The oil services sector has been hit particularly hard recently. This industry group can be followed by tracking the VanEck Vectors Oil Services ETF (NYSEARCA:OIH). This ETF is now nearing major support on the charts.

One leading oil services stock that has fallen sharply has been Schlumberger Limited (NYSE:SLB). This stock has been falling since the start of 2017 when it traded as high as $87.84 a share. Today, SLB stock is trading around $70.55 a share. This stock has a very attractive support level around the $70.00 area. This is an area where the stock broke out in January 2016. Often, past breakout points are very good support levels when retested.



Nicholas Santiago
InTheMoneyStocks

[ValueInvestor15]

Jefferies upgraded SLB today. Looks to be trading @ slight discount to fair value

Fair Value Analysis

[Timothy Smith]

$SLB - Most accurate would be in SEC filings check 8k around that time.

[ernie44]

OIL starting to recover

what we need is an exponential recovery to shake up the feds

[caseyryan1986]

Where can information be found on the merger/acquisition news about Schlumberger buying out Don-Nan pump and supply? It happened in 2014

[JefftDecker]

SLB

Vertical point of buy signal this is working out pretty good lately

Trade A codeingly
R5

[JefftDecker]

SLB

Vertical point of buy signal this is working out pretty good lately

Trade A codeingly
R5

[buyittradeit]

still like, still in. frack it

[Timothy Smith]

Schlumberger (SLB +0.3%) says it will not extend its pending agreement to acquire a minority equity interest in Eurasia Drilling once the current extension expires on Sept. 30.

SLB had wanted to buy a 45.65% stake in Eurasia for ~$1.7B, potentially paving the way for it to become the sole owner of Russia's most active oilfield services company.

The deal initially was endorsed by Russia's anti-monopoly body but it has since been postponed several times

[Timothy Smith]

Schlumberger (SLB -0.7%) says it is teaming up with German oil field equipment supplier Bauer to develop and build a new generation of larger, more efficient drilling rigs.

[Timothy Smith]

Schlumberger (SLB +0.9%) is upgraded to Buy from Neutral at Citigroup, which says its strategy and ability to deliver will allow the stock to outperform with an average 15% annual upside over three years.

SLB's "superior strategy, delivery platform, technology development and execution will facilitate a resumption to excess returns in 2017," analyst Scott Gruber writes.

[Timothy Smith]

Schlumberger (NYSE:SLB) is acquiring oilfield equipment maker Cameron International (NYSE:CAM) in a stock and cash transaction valued at $14.8B.

Under the terms of the agreement, Cameron shareholders will receive 0.716 shares of Schlumberger common stock and a cash payment of $14.44 for each share held.

The deal represents a 56.3% premium to Cameron's closing stock price on Tuesday.

[Timothy Smith]

Russia’s Federal Security Service is holding up Schlumberger’s (NYSE:SLB) acquisition of a 46% stake in Eurasia Drilling, concerned that the company would have too much influence in Russia’s oil services market, according to a Bloomberg report.

[Timothy Smith]

Revenue from North America fell 27% sequentially in Q2; this was consistent with competitors who experienced revenue declines in the region from 25% to 30%. However, revenue outside North America was relatively stable, declining only 5%.

The international rig count has not fallen as fast as that in North America and it has helped anchor the company. Currently Schlumberger's derives about 75% of its revenue outside North America.

[Timothy Smith]

Schlumberger (NYSE:SLB) +1.3% AH after reporting better than expected Q2 earnings and offering a somewhat optimistic industry outlook.

[Timothy Smith]

Offshore drillers are significantly underperforming the broader market following cautious commentary from Schlumberger (SLB -0.1%) despite its Q2 earnings beat, a contract termination and an analyst downgrade.

[Timothy Smith]

Schlumberger (SLB +0.6%) is upgraded to Focus Stock from Sector Outperform, with a $100 price target, at Howard Weil, which says the combination of SLB's global scale, technology and transformational initiatives that were ongoing prior to the downturn provides a level of forward clarity that is unique among oil service companies.

[Timothy Smith]

An official decision for Schlumberger’s $1.7B (SLB -1.3%) deal to acquire a stake in Russian rig contractor Eurasia Drilling may not come until later this summer, according to a report citing the head of Russia's Federal Antimonopoly Service as saying further review of the deal's terms is needed.

[Timothy Smith]

JPM rates Halliburton (HAL +0.6%) and Schlumberger (SLB +0.4%) at Overweight with respective price targets of $56 and $101; the firm praises HAL's pending merger with Baker Hughes, which it thinks will create “create a powerhouse North American competitor," and says SLB is positioned to come out of the downturn strong, thanks to its presence in attractive markets and initiatives it began before oil prices fell.

[stocksmarter]

Oil on it's way back up!

http://finance.yahoo.com/news/goldman-friday-witnessed-first-sign-120735307.html

Although everyone in the industry is thinking mid $70's will be around for over a year, it's is still good news for U.S. Producers.

[Timothy Smith]

$SLB you can say that again! Market already factored losses in and oil rallied so worked out didn't it!

[sgray74]

Not so much.....haha haha hahaha

[Timothy Smith]

$SLB At 21x earnings, I believe the stock will fall further after Q1 2015 earnings are released.

[stocksmarter]

Analysts believe now is the time to get back into energy stocks.

"Stop trying to pick the bottom in oil and recognize that today is actually an opportunity to create a position in oil," Gaurav Sodhi, resources analyst at research service Intelligent Investor, told CNBC.

[stocksmarter]

Hanging in there, picking up a little each day!

[stocksmarter]

NEW YORK (AP) -- U.S. stocks rose sharply on Tuesday, following other global markets higher after the price of oil bounced back

[stocksmarter]

OPEC Sees Oil Prices Exploding to $200 a Barrel

http://www.fool.com/investing/general/2015/01/31/opec-sees-oil-prices-exploding-to-200-a-barrel.aspx

[stocksmarter]

Watch I predict SLB will be 40 to 60% higher by May/June!

[stocksmarter]

Oil and Gas will make a huge rebound this year!! Time to buy while prices are low!!

[stocksmarter]

Schlumberger will make a huge rebound

OPEC's Badri expects some oil price rebound soon

LONDON (Reuters) - Oil prices at current levels may have reached a floor and could move higher very soon, OPEC Secretary-General Abdullah al-Badri said on Monday

"Maybe we will go to $200 if there is a real shortage of supply because of the lack of investment," Badri said.

Setting up for a bounce in prices, better read the signs, Oil will rebound this year and there is huge upside for buying at today's prices!

[Enterprising Investor]

Schlumberger to cut 9,000 employees (1/15/15)

HOUSTON – Oil field giant Schlumberger said Thursday it will cut approximately 9,000 employees – around 7.5 percent of its workforce around the globe – as both petroleum prices and oil-company spending nosedive.

Schlumberger’s profits fell 82 percent in the fourth quarter as it wrote down $1.7 billion in assets. It said it recorded a $296 million charge related to its headcount reduction.

The oil-tool maker banked $302 million, or 23 cents a share, in net income in the October-December period, compared to $1.66 billion, or $1.26 a share, in the same period in 2013. Its revenues were up from $11.9 billion to $12.6 billion.

Traders reversed a large portion of Wednesday’s rally in crude oil. Futures for international Brent crude fell $1.02 to $47.67 per barrel on London’s ICE Futures Europe market. U.S. benchmark West Texas Intermediate fell $2.23 to $46.25 a barrel on the New York Mercantile Exchange.

http://fuelfix.com/blog/2015/01/15/schlumberger-to-cut-9000-employees/

[set4life85]

Welcome to the club bud! It's a great company to work for

[Thehoff89]

I'm about to get a job at SLB woooot!

[Timothy Smith]

$SLB Schlumberger after reporting a 24% Y/Y drop in Q2 earnings despite higher revenue driven by higher activity both offshore and in key land markets.

[StinkyPinkSheet]

Still looking solid!

[sometimes_right]

Indeed... I got snookered into Penny Stocks when a construction company I had invested in went BK... and I was exposed to the underside of the beast for the first time!

Too many day-trading Flippers kill any momentum generated by most penny stocks nowadays. IF they had any sense, they'd be flipping Big Board stocks where there's much more liquidity and not hurting the prospects of Longs - imo

[StinkyPinkSheet]

SLB is a beast! My big board stocks been doing a great job making up for my penny stocks flubs...

[StinkyPinkSheet]

SLB has been and will continue to be a great investment. Great jump in PPS today....more to come I'm sure!

[sometimes_right]

Thank God I have money invested in REAL companies like Schlumberger... because most StinkyPinky stocks just suck cash from investors into insiders pockets .... "Da Crooks!" (nothing personal SPS). I got into SLB whenever they bought out Smith International a few years ago, and I let it ride! And what a nice ride it's been lately!

[StinkyPinkSheet]

PPS has been doing awesome lately...

[OGSPECULATOR]

Huge volume gainer!!!

[OGSPECULATOR]

On a run!!!