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OakesCS

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OakesCS

Re: DewDiligence post# 5444

Friday, 07/20/2012 7:06:33 PM

Friday, July 20, 2012 7:06:33 PM

Post# of 29406
WSJ SLB valuation article
That article is a bit shallow. SLB's presence in the shale gas market has been trivial so any decline there hasn't hurt them. That doesn't mean that $2/MBTU doesn't hurt. In addition, SLB has been trying to gain more market share in NA so to portray that as a negative is a bit off. If SLB has been successful in that market share gain, then HAL and BHI have lost share and that will matter more down the line.
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