Schlumberger - The biggest/baddest oil service company Message Board

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Gold/Mining/Energy : Schlumberger - The biggest/baddest oil service company

SLB 37.02

+2.7%

9:30 AM EST

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To: Bald Eagle who wrote (30)	7/29/1998 11:56:00 AM
From: LJM	Read Replies (2) of 216

I have to think this may be the bottom for the drillers, and consequently I jumped in today with purchases of DO and SLB for long term hold. The value at these levels is too compelling even if we do see some more correction. At some point, this sector will turn back up and I don't want to miss the next up cycle, as I expect it will be a long term upward trend. Asia will straighten out and the demand for oil will grow quickly and oil prices will scale back up. It is inevitable. It's only a matter of when. LJM

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