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Timothy Smith

07/24/17 12:44 PM

#3667 RE: mick #3662

$SLB is a solid 3% dividend yield and a company that is very well positioned for an oil and gas recovery even if crude prices remain low, as was demonstrated this quarter. Even with low crude prices, there is substantial cost inflation in US onshore drilling, due largely to increasing demand for rigs in the Permian. For this reason I think that Schlumberger is a fine recovery play, and one that pays you nicely to wait.