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Schlumberger: A Solid Quarter But A Weakening Stock Price

Nov. 01, 2021 6:56 AM ETSchlumberger Limited (SLB)HAL, OIH, BKR19 Comments
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  • Oilfield service giant Schlumberger recorded total revenues of $5,847 million for the third quarter of 2021, in line with analysts' expectations.
  • The results were definitely positive, guiding to improved margins, which beat expectations.
  • I recommend buying SLB at or below $32.
  • Looking for a helping hand in the market? Members of The Gold And Oil Corner get exclusive ideas and guidance to navigate any climate. Learn More »

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Houston-based Schlumberger Limited (NYSE:SLB) released its third-quarter 2021 results on October 22, 2021.

Q3 Snapshot

The World's top oilfield services provider came out with third-quarter of 2021 earnings of $550 million or $0.39 per share, in-line with

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This article was written by

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Fun Trading is a retired engineer and independent investor. In addition to writing on investing in all aspects of gold, oil, and gas, he runs his own portfolio..

Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

I trade short-term SLB.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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Comments (19)

The article was early by a couple months - now's the time to begin thinking about accumulating....closer to the invalidation line at about $26 - which should probably be your stop loss. When he published this article in the $32 or so days it was way too early, in fact the run-up into almost 35 had already petered out and momentum had gone negative. It looks like we may be close to completing a corrective move to the 26-8 region but if that fails, then 21 is not out of the question - so be careful out there.
Fun Trading profile picture

Thank you for your opinion.
fisherick profile picture
Looks like a near perfect bounce off the 200 day MA has occurred so far over past several days. Ex date coming up....why should I not pull trigger?
Fun Trading profile picture

It is up to you. What is your trading/investing strategy?
fisherick profile picture
@Fun Trading That's for sure....definitely up to me. Basically dividend growth. If we get a big flush in the overall market over next few days and the 200 day holds for SLB, I'll prob take the plunge. Just scanned the latest conf call....they're pretty convinced of a strong sustainable cycle. After debt reduction, they're saying capital returns in the cards. Looks to me like the new current dividend rate is easily sustainable. Adding SLB would compliment my other fossil energy names: PXD, OKE and KMI. And I guess you could prob throw in APD.
fisherick profile picture
@Fun Trading Just kind of curious....do you know if the Chinese offer any real competition to SLB?
Retire2020 profile picture
Thanks for the article. Happy investing.
Fun Trading profile picture

You are very welcome. Best regards,
Thanks - Nicely done report. Grateful for the effort!
Fun Trading profile picture

You are welcome. Good luck!
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