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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: el_gaviero who wrote (88155)2/26/2001 9:51:25 AM
From: Terry D  Read Replies (1) of 95453
 
Yet another take on SLB -

Schlumberger (SLB) 61.70 1.69: Banc of America Sec upgrades to STRONG BUY from BUY rating and price target of $90; says company's Sema acquisition has been met with stinging criticism, but it is firm's view that criticism stems from a lack of understanding of SLB's technology strategy of the last few years and the dynamic that Sema brings to company's technology offering; believes SLB did not overpay for Sema and has an attractive valuation.

They are still missing the point. 95% buy SLB for instant, liquid, energy exposure. Now it is more and more a hybrid. It doeesn't fit into a sector. So it is dumped - left for the smaller investors and funds and stock picker types to play - but the big funds are gone.
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