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IEZ: Schlumberger's Weak Earnings Call Sector Valuation Into Question

your talking about GOM weakness? But the drillers are saying they are "pleasantly surprised" by the upturn in GOM business. GOM has been lagging badly for some time. The fact is, GOM is world class field that has not receive the attention it deserves. The recent highly successful lease auction shows there is intense interest in this proven lower risk play.

I'm in the camp of GOM's weakness is an opportunity in a big way at 100.00 oil. And international companies will be the main players. Think about buying rigs and services with the US dollar in the toilet. GREAT ROI, risk/reward.