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Seeking investments without using the ridiculous style-box approach. If I can make a return in excess of what I judge the risk to be, I'll invest. Over time, using a Kelly formula, I tend to weight positions from 2-10%. A diversified portfolio is a career-saving move, not an investment... More
  • Schlumberger Oil Glossary Tells You What The Heck 'tripping Pipe' Is! 0 comments
    Aug 2, 2013 10:51 AM | about stocks: SLB

    Learn cool oil industry terms to impress your friends. They probably think 'tripping pipe' is a Woodstock joke!

    SLB has put out a good reference material of oilfield terms. Many with illustrations to the side.

    Useful to interpret conference call transcripts and jargon-filled analyst reports. Pad Drilling, BOP & 47 different ways to use 'Frac.' Neat.

    This resource is absolutely necessary to bookmark for any serious oil & gas investor.

    The link also says a free app is available but I have not used that, yet.

    Oh yeah- want to find out what 'tripping pipe' is?


    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

    Themes: oil gas drilling, fracking, energy Stocks: SLB
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