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 : Strictly: Drilling and oil-field services
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Crimson Ghost who wrote (35269)1/17/1999 12:54:00 PM
From: John Carpenter  Read Replies (2) of 95453
 
SLB was just barely over a split adjusted $10 in 1986. I know
that everyone assumes that the industry is in such better
shape to weather a downturn now than it was then. But, we
cannot assume that there is more return than risk potential
at this point. SLB is just as likely(I would say more likely)
to head towards $10 in the next couple of years as it is to
go to $200. This sector has exhibited the characteristics
of dead money far more than relative strength in the face
of bad news. Look at the 20 year charts of SLB and GLM-
one cannot reasonably assume that there is more return
than risk potential at this point. GLM could head towards
$3- maybe lower if there's another Chpter 11 bankruptcy.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News