Indication is $89.51 to $93
we are 10% higher then last year and december we added 50 new rigs
not sure what else I can say
That $7 billion dollar deal convinced me of one thing. there is nothing wrong with the oil service industry. SLB has the best technology. and this was a one in 6 year buying opportunity for this company..the dividends will get larger and the buybacks will get bigger
This is the safest stock in the market right now. I also believe it is the best stock. I am so convinced of it I did not care about the price today when it was down. I know the value of this company and they practically have zero debt for all instensive purposes
You will be very impressed if you read all their filings...They do everything by the book...I am imopressed..its the real deal
Will the price of oil affect SLB? The answer is no. If you do not maintain your well....they become damaged and production decreases at a alarming rate. Just as the Iranians. There wells are damaged because they have been cut from US Technology. As long as we are buring oil there will be full employment for SLB. When oil goes up or when oil goes down....They do not lay off people because they have work.
Will oil be at $90 in 18 months? Oil will be at $90 a lot sooner. Markets and stock prices move in anticipation of earnings. SLB has already started to make their big move.
You can not have a 5% growth story without consuming alot of fuel and having a lot of service to your wells.
Sure the world can end in 6 months........I would never bet on it......because it will only happen once. When oil dropped everyone said OMG 2008 and ran. Our economy is alot stronger then most people think 2008 was a banking problem.....2014......its all about money and market share........bet on SLB will be the stock to watch in 2015........if the company every splits off the pieces.....each piece will be worth $$60 a share.....and we are at $87.32...there is alot of money to be made here
So my next question who is trying to take these shares?
I do not know who
So let me go over this one more time
I could say something bad about SLB but I can not think of anything
I could say something bad about their industry and I think I will. They lost a total of 18 rigs globally. Ten were from old wells that expired. Fifty more rigs are set to go into the ground in December 2014. I track on schedule. They grew earnings by 27% last year and are project to grow earnings another 17% for the next five years and going into 2015 they already scored $7 billion
Stock is down and when I look at WTI these shale players were making 70% now they are making 33%
Standard and Poors gave them a AAA
Barons says Buy
I have to ask who is trying to take these shares? Why would you sell?
2014 rig Operation
We have drilled 50 new wells in America in the month of December. At $90 a barrel the well owners made 70% margin. The price of crude would have to fall to $30 a barrel for them to start to lose money. Brent would have to be at $32 to $34. At that price OPEC barely makes a profit. So I guess the only real solution is for OPEC to decrease production because it seems American oil companies are prepared to pump all the way to $10.00 Yes $10 that was the number in 1986 when the US oil industry colapsed. How long will it take to get to $10.00 ? Long time...we may never get there and miss the rid in SLB.
SLB has a competive technology that increases production from a oil and gas well. They are selling it to everyone except the Russians. Read all of 2014 filings. They are selling them to OPEC as well as all US oil companies. Right now they are swiming in orders. hence, a $7 billion dollar order.
Will the price of oil affect SLB? The answer is no. If you do not maintain your well....they become damaged and production decreases at a alarming rate. Just as the Iranians. There wells are damaged because they have been cut from U
They are not enjoying the call from the broker
That really hurt
There are no longer any short positions to speak of
All your worries are behind you
And in front of them
12/26/14. We close $88.50 or higher
The trend is your friend. ^5. You took their shares
and i own alot of shares
Mr Pickens you made more money shorting oil then selling it...you are on the wrong side of the trade