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Invest83838

03/10/20 6:07 PM

#251364 RE: rosemountbomber #251359

Rosemount, Although I would currently stay away from SLB

I think both SLB and OXY will survive

Both have survived through decades of oil & gas ups & downs

I think OXY is the best of the 2

Service companies like SLB really get hurt through prolonged downtimes

since if they are not servicing or drilling, they have no cash flow

whereas production companies,

especially those who also have refineries and petrochemical plants,

continue to have cash flow during oil downturns

Check out the below for an interesting comparison of shale companies

https://seekingalpha.com/article/4330759-shale-marked-for-death-who-dies-who-thrives

I invested in 2 of these yesterday