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Timothy Smith

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Timothy Smith

Re: stocksmarter post# 156

Tuesday, 09/29/2015 7:59:36 AM

Tuesday, September 29, 2015 7:59:36 AM

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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

Purely My Own Opinion. Do Your Own Due Diligence.

“Formula for success: rise early, work hard, strike oil.” - J. Paul Getty

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