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Timothy Smith

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Timothy Smith

Re: citizenchin post# 337

Monday, 07/23/2012 4:19:43 PM

Monday, July 23, 2012 4:19:43 PM

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I read that article yesterday from my LinkedIn. Great article, shows the growth and changes of the industry over the last two decades. SLB is quite an amazing company and will likely not cease to amaze us in the coming years.

I think like SLB the right oil field service businesses CEO Flemming intends to acquire or merge with could growth with this trend in the coming years. I would imagine such businesses may include, drilling, rework, cement, vacuum, wire line, water disposal, water recycling, site prep or other related businesses.

With managements recent insider buys (see form 4's) it appears the first r/m or acquisition is not to far away.

"My well came in big, so big, Bick and there's more down there and there's bigger wells. I'm rich, Bick. I'm a rich 'un. I'm a rich boy." - Jett Rink

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