SLB reports tomorrow ... and until NOV reports next week, they could provide insight into how the market is looking
forget SLB earnings, anyone holding NOV through its own earnings on FRI? Analysts say it will beat. I am not that convinced. anyone else have any substantive input?
Wonder if we will get another swan dive this week? Dollar/yen already up 2%, amazing, Yen at 100. What will that do to oil? NOV?
SLB has already set the street up for a relatively weak qtr.
Outlook will be the key and with crude in a downtrend, outlook could be weak as well.
Hegde your bets.
For comparison, I would be looking at SLB's order book position especially their subsea business.