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Thursday, September 27, 2007 7:07:16 PM
Very true. Good links. Schlumberger is the leading oilfeild services provider in the world. They provide awesome technology and expertise to the upstream side of the oil and gas industry. They are buying lots of companies to continue to grow their already massive portfolio of services. However, I do not think that they will acquire Deep Down as it is not the right fit for the company. They used to seal in rigs, bits, IT stuff, but it pulled them away from pure oilfield services. This is what they do best. I would not be surprised if Schlumberger bought a large chunk of the company, but I don't think they would buy it outright to assimilate into their company.
Loved the PR today. This stock is going to start moving really soon, IMO.
-faz
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