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Schlumberger Limited (SLB)
NYSE - Nasdaq Real Time Price. Currency in USD
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At close: 04:00PM EDT
3,004 reactions on $SLB conversation
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Brent oil will likely hit $150 a barrel this year as the supply shock from the war in Europe coincides with resilient demand from people keen to travel after the virus.
Multiple European nations have also joined the effort to ditch Russian LNG in favor of a US-based supply. However, experts believe the US LNG export order book is already full. To meet new long-term demand, the nation will need to start investing in more plants and infrastructure immediately.
China, notably through its relationship with Iran, has been pursuing control of all major oil shipping chokepoints from the Middle East to the West.
Gas prices in both the United States and Europe hit new highs Wednesday, with average prices per gallon in California topping $6, compared to over $9 in Norway and Denmark as Russia’s war on Ukraine plays out in the global energy sector.
Fill up your Tank, then empty your cash into SLB
50's any week now
Haven’t heard anybody canceling any new oil projects yet the stock goes down!
time to add again.
2 Upgrades this Morning
1) Schlumberger upgraded to Buy from Hold at HSBC 04:47 SLB HSBC analyst Abhishek Kumar upgraded Schlumberger to Buy from Hold with a price target of $44.20, up from $40.60. Strength in the oil price has accelerated investments in the short-cycle U.S. land market, which bodes well for Schlumberger, Kumar tells investors in a research note. The analyst says the company's "solid" cash flow generation and increased dividend should result in improved shareholder returns. Despite the supply side issues related to commodities and manpower, Schlumberger is well positioned to improve its margins through price increases, contends Kumar.
2) Schlumberger price target raised to $55 from $48 at Barclay
the last shakeout before 52. Hold
SLB increased their DIV by 40% last week... this is a good sign for the company...
How are we 10% down today, on average volume?
strong SLB buy
don't let them steal your shares. this china lock down is overblowed. they will be over very soon and back to inflation and rate hike story.
Really nice earnings beat plus dividend increase!
After years of mearky, smoke and mirrors, we step into the light. Great news and nice dividend move. We
likely have several years before solar is a real thing. My guess soon, early folks will be pulling out dated non efficient panels off their roofs at a hell of a loss. Years away as the technology is fast changing. Sitting back and enjoying the SLB ride.....
Investors should not peg Schlumberger valuation to the oil price. This stock was punished hard during pandemic. Now, in just two years, countries are forced to dig into their oil reserves. Besides, this company is delving into alternate energy resources. Analysts are coming up with very modest price targets.
A lot of good news for SLB from Oilfield Technology magazine.
Oil stocks trading like the price per barrel is falling off a cliff heading for the 70s. It's steady at $102 a barrel.
SLB business is booming! As long as oil prices stay high so will be demand.
Market is behind.
Another nice opportunity. At this juncture, I would invest in essential commodity and service sectors like oil, banks, healthcare, pharma, telecom etc.
Loading up. This is still $50 in Q3 and I’ll take the increase divvie while we wait 😀
Fantastic guidance. Listen to the conference call. Compared to HAL & BKR, SLB emerged from earnings as the big winner. Watch this chug all the way into the $50's this year. Peak summer travel season hasn't even hit yet, and the lockdowns in China will (eventually) come to an end. Still a screaming buy in the low $40's.
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