SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : Schlumberger - The biggest/baddest oil service company
SLB 36.06-0.7%Oct 31 9:30 AM EST
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Poncho who wrote (103)1/29/1999 7:52:00 PM
From: KW Wingman   of 216
 
HAL and SLB are not redundant there is some overlap but mostly no overlap. They are both very big players in very different segments of the oil service business.
SLB is dominate in wireline and downhole logging. SLB also owns SEDCO FOREX a large offshore drilling contractor. SLB also has a large sesmic business. SLB also has a large amount of non oil field business. HAL is dominate in drilling fluids (mud) and cementing systems. The mud system is a very big deal on a drilling rig. HAL supplies the equipment for this system. Service is also a big part as they supply trained mud engineers to constantly test the mud and recommend corrections as required. SLB is a customer of HAL as far as mud and cementing systems goes. I have not followed these stocks for a few years and HAL may have purchased a drilling contractor so there may be more overlap than I think. IMO, They are both great companies to have in your portfolio. I am not sure about the timing right now.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News