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Last Minute Schlumberger Earnings PreviewProfit Fan • Thu, Apr 18
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Schlumberger's Growth Will Be Overseas In 2013John Mylant • Wed, Feb 20 -
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Schlumberger Limited, Tesco Corporation - M&A Call (Transcript)Tue, May 1, 2012
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Schlumberger Limited Q2 2010 Earnings Call TranscriptFri, Jul 23, 2010
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Schlumberger Limited Q1 2010 Earnings Call TranscriptFri, Apr 23, 2010
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Schlumberger Limited Q4 2009 Earnings Call TranscriptFri, Jan 22, 2010
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Schlumberger Limited Q3 2009 Earnings Call TranscriptFri, Oct 23, 2009
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Schlumberger Q2 2009 Earnings Call TranscriptFri, Jul 24, 2009
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Schlumberger Limited Q1 2009 Earnings Call TranscriptFri, Apr 24, 2009
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Schlumberger Limited Q4 2008 Earnings Call TranscriptFri, Jan 23, 2009 • 1 Comment
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Schlumberger Limited Q3 2008 Earnings Call TranscriptFri, Oct 17, 2008
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Schlumberger Limited Q2 2008 Earnings Call TranscriptFri, Jul 18, 2008
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Business Wire (Jun 6, 2013)
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at CNBC.com (May 28, 2013)
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at MarketWatch.com (May 17, 2013)
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at CNBC.com (May 3, 2013)
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at CNBC.com (Apr 25, 2013)
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at MarketWatch.com (Apr 23, 2013)
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at MarketWatch.com (Apr 19, 2013)
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at MarketWatch.com (Apr 19, 2013)
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at MarketWatch.com (Apr 19, 2013)
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Business Wire (Apr 19, 2013)
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at CNBC.com (Apr 18, 2013)
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Business Wire (Apr 18, 2013)
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at MarketWatch.com (Apr 12, 2013)
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at CNBC.com (Apr 1, 2013)
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Business Wire (Mar 31, 2013)
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at MarketWatch.com (Mar 19, 2013)
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at CNBC.com (Mar 18, 2013)
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at MarketWatch.com (Mar 18, 2013)
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at MarketWatch.com (Mar 18, 2013)
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at CNBC.com (Mar 6, 2013)
SLB vs. ETF Alternatives
Company Description
Founded in 1926, Schlumberger is the world’s leading supplier of technology, integrated project management and information solutions to the international oil and gas exploration and production industry. Having invented wireline logging as a technique for obtaining downhole data in oil and gas... More
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- | Earnings
- | Dividends
- | M&A
- | On the move
- Tuesday, June 18, 2:47 PM Schlumberger (SLB +1.9%) acquires Gushor, a Canadian geochemistry company that supports exploration and production companies working with heavy oil and oil sands, for an undisclosed sum. SLB says Gushor will complement its leading fluids and rocks technology portfolio with geochemical and fluid property analysis capabilities. Comment! [Energy, On the Move]
- Thursday, June 13, 3:21 PM Baker Hughes (BHI +3%) is upgraded to Buy from Hold with a $54 price target at Societe Generale, which says BHI boasts the largest per share exposure to deepwater Gulf of Mexico growth. The mix driving the 2012 U.S. land activity pullback looks to favor Halliburton (HAL) and Schlumberger (SLB) onshore, but BHI's deep Gulf leverage rebalances its relative risk/reward proposition, the firm says. Comment! [Energy, Quick Ideas, On the Move]
- Friday, May 3, 11:58 AM The bigger the better when it comes to oil services providers, Jefferies believes, making the case that the big sector players are best positioned to fix inefficiencies of operations and thus ultimately will see the largest benefit from the surge in U.S. production. The firm's favorites: SPN, SLCA, PES, HP, ESV, NOV, CAM, HAL, SLB. Comment! [Energy, Quick Ideas]
- Thursday, May 2, 11:57 AM EOG Resources (EOG +0.6%) could see 25% annual oil production growth in coming years, and its stock trades at cheaper multiples than rivals, RBC says as it adds EOG to its "energy best ideas" list. The firm also adds Oceaneering (OII +2.3%); it boots Helmerich & Payne (HP +1.9%) and Precision Drilling (PDS +1%), whose U.S. rig counts have not risen as quickly as expected, as well as Continental Resources (CLR -0.8%). Comment! [Energy, Quick Ideas, On the Move]
- Thursday, April 25, 3:06 PM Oil prices probably need to stabilize and/or move up before oilfield services stocks start rising again, but demand is strong below the surface, Credit Suisse says, believing current valuations fail to reflect the high level of activity or the stable nature of the North American business. The firm adds Halliburton (HAL) to its Focus List and upgrades Baker Hughes (BHI) to Outperform with a $54 price target (from $40). Comment! [Energy, Quick Ideas]
- Monday, April 22, 2:50 PM Although Schlumberger's (SLB +2.1%) Q1 revenues came in light, Sterne Agee remains a believer in the stock, reiterating its Buy rating and $93 price target, noting that international margins beat expectations despite a usual seasonal slowdown. Rising international and deepwater activity coupled with a bottoming U.S. land market yield improves the firm's confidence in 2013-15 earnings growth. Comment! [Energy, Quick Ideas, On the Move]
- Friday, April 19, 2:43 PM Schlumberger's (SLB -2%) Paal Kibsgaard says during today's conference call he's "not overly concerned" about the drop in oil prices, and prices are still high enough to support drilling in North America and around the world. The CEO says he still expects SLB to grow international operations by ~10% this year, with "strong and consistent growth" in sub-Saharan Africa, Russia, China and Australia. (earnings) Comment! [Energy, On the Move]
- Friday, April 19, 7:38 AM More on Schlumberger's (SLB) Q1 results: “The outlook for North America remains uncertain, with lower-than-expected rig activity and continuing pricing weakness," CEO Paal Kibsgaard says. Oilfield services revenue from North America, the region which generates most of the top-line, fell 4.2% to $3.29B. Overall drilling revenue was $4.1B, up 9% Y/Y but flat Q/Q. Shares +0.5% premarket. Comment! [Energy, Earnings]
- Friday, April 19, 6:01 AM Schlumberger (SLB): Q1 EPS of $1.01 beats by $0.02. Revenue of $10.67B misses by $0.08B. (PR) Comment! [Earnings, Breaking News]
- Friday, April 19, 12:05 AM Notable earnings before Friday’s open: BHI, COL, FHN, FNFG, GE, GPC, HON, IPG, KMB, KSU, LH, MAN, MCD, NPBC, SAP, SLB, STI, STT, TCB, TNP, UA Comment! [Earnings]
- Thursday, April 18, 5:30 PM Notable earnings before Friday’s open: BHI, COL, FHN, FNFG, GE, GPC, HON, IPG, KMB, KSU, LH, MAN, MCD, NPBC, SAP, SLB, STI, STT, TCB, TNP, UA Comment! [Earnings]
- Thursday, April 18, 5:24 PM Schlumberger Ltd. (SLB) declares $0.3125/share quarterly dividend, in line with previous. Forward yield 1.76%. For shareholders of record June 05. Payable July 12. Ex-div date June 03. (PR) Comment! [Dividends]
- Thursday, April 18, 5:14 PM Despite the weak YTD start in oil service companies Baker Hughes (BHI), Halliburton (HAL), Schlumberger (SLB) and Weatherford (WFT), Barclays analyst James West makes a strong case for all four in the months ahead. The group trades at 13.2x forward earnings, ~20% less than the 10-year average, and shares also are cheap relative to commodity prices, West says. Comment! [Energy, Quick Ideas]
- Wednesday, April 17, 6:01 PM A widely expected Q1 rebound for oil services companies (OIH) is not materializing, analysts say, as the U.S. land rig count fell ~3% Q/Q in Q1 and was 13% lower Y/Y. Now the view is that recovery will be slower rather than faster. Fresh off a wave of downward analyst revisions, Schlumberger (SLB) and Baker Hughes (BHI) report on Friday, while Halliburton (HAL) posts earnings next week. Comment! [Energy]
- Friday, April 12, 3:27 PM Schlumberger (SLB -2%) got a great deal on acreage in Texas’ Eagle Ford shale, Jefferies calculates, with an implied valuation of ~$3,300/acre vs. more than $20K/acre in recent Eagle Ford deals by other companies. SLB may not make other similar deals, but the Forest Oil (FST -3.5%) agreement is good "advertising" for its "smarter" approach toward unconventional energy sources. 1 Comment [Energy, On the Move]
- Friday, April 12, 8:31 AM Forest Oil (FST) +10.9% premarket after it signs an agreement with Schlumberger (SLB) for future development of FST's Eagle Ford Shale acreage in Texas. FST will be the operator of the drilling program; SLB will provide assistance to FST via integrated service offerings and asset management support. Comment! [Energy, On the Move]
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Elliott Gue
@Roger_Conrad and I answered readers' questions for 5.5 hours on 4/30. Transcript: http://bit.ly/12Kbide $SLB, $KMP, $PER - View all 0 replies
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Ocean Man: Companies overpay in deals all the time. Also, it doesn't mean it won't benefit PVA, just that it's not likely they got a screaming bargain.
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willygriff: take a look at LPR the forest spin off if you have not.
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The Wall Street Transcript
Schlumberger Limited ($SLB) Gains Pricing Power as International Oil Services Demand Grows- http://su.pr/1v9Y4A - View all 0 replies
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Dividend Sheet
$SDRL $EC and $MT are the best yielding basic material stocks with +10% growth - http://stks.co/bKpK - I like $SLB $HAL and $MUR - View all 0 replies
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Brennan Basnicki: Wow. This is why I don't hold positions through earnings
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Dividend Sheet
$BPT $HCLP and $HGT are the best yielding stocks with fastest dividend growth from last month + http://stks.co/cJQg + I like $WFC $O $SLB - View all 0 replies
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Elliott Gue
$OIL, $SLB Focus on shale means many investors forget that deepwater GOM permitting has returned to normal: http://bit.ly/10S3Sp3 - View all 2 replies
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saratogahawk: So true Elliott. Plus the rig maintenance needs in the GOM are mucher higher post-Macondo. Good luck in Orlando. Wish I could attend. -
Elliott Gue: Thanks for the kind words, hawk. Always a pleasure to hear from you.
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WhisperNumber
$SLB earnings $1.08, one cent ahead of whisper number. Expected price reaction from today's open: http://seekingalpha.com/a/nypt - View all 0 replies
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Dividend Sheet
$APL $WPZ and $MWE are the best yielding and most recommended basic material stocks + http://stks.co/nIMp + I like $RIO $SLB and $BHP - View all 0 replies
LATEST REPLIES
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Ocean Man: Companies overpay in deals all the time. Also, it doesn't mean it won't benefit PVA, just that it's not likely they got a screaming bargain.
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willygriff: take a look at LPR the forest spin off if you have not.
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- View all 5 replies
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Brennan Basnicki: Wow. This is why I don't hold positions through earnings
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Elliott Gue
$OIL, $SLB Focus on shale means many investors forget that deepwater GOM permitting has returned to normal: http://bit.ly/10S3Sp3 - View all 2 replies
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saratogahawk: So true Elliott. Plus the rig maintenance needs in the GOM are mucher higher post-Macondo. Good luck in Orlando. Wish I could attend.
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Elliott Gue: Thanks for the kind words, hawk. Always a pleasure to hear from you.
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Mercy Jimenez
Pickens goes on selling spree of BP, SLB, HAL, WFT and SU; while Buffett picked up some of the NOV he sold http://bloom.bg/PbeaKi - View all 5 replies
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Stephen J Melnykevich: Wonder why Pickens dropped BP. Looks to be a good long term hold, what are your thoughts?
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Day Trader001
NAV barking again today! CAT looking good at this level Long, SLB still droping looking for $54.00 - View all 2 replies
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daisymae: daisymae says coal will be in demand in China...oher than that Nat. Gas is our future
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HomerJay-1
Looking for a trade ahead of opec. Still eyeing SLB or SDRL. Am I on the right train of thought? Oil bugs - help - View all 4 replies
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WheresTheDough: Thanks. I lucked out. I'm slowly bulking up on deals and will await the inevitable rebound.
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Mercy Jimenez: Homer I'm watching + waiting also; SLB=54% stake in CFK = est $125 million payday from NOV buyout.
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Youngone91: I dont know about URBN, they have some nice stuff but it seems like most of their store is hipster novelty items that dont really sell -
Youngone91: I dont know about URBN, they have some nice stuff but it seems like most of their store is hipster novelty items that dont really sell
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Chines33: 70% cash. Putting some to work slowly. Will add shorts for trades if things get violent. Getting more active on day trades in here too.
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