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Schlumberger: Has This Oil Services Giant Fallen Too Far?

Nicholas Ward

is by far the largest individual holding within the oil services ETF, making up more than 21% of the fund's net assets. Schlumberger shares bounced a bit on Thursday in response to the tanker attacks in the Gulf of Oman, but they're still trading down some 70% from the 2014 highs. It wasn't all that long ago that Schlumberger was viewed as a market darling and a premier name in the energy sector.