Schlumberger - The biggest/baddest oil service company Message Board

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

SLB 36.06

-0.7%

Oct 31 9:30 AM EDT

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To: Wendell Abernathy who wrote (106)	2/28/1999 12:55:00 AM
From: TonyAylward	Read Replies (1) of 216

SLB Chart looks OK ....at least in 1999 ....nice little rise from $40 to $49. Problem is that oil price sucks and will probably continue to suck for some time to come. US economy slowing, North Sea oil production seen up 13%, Vast untapped Caspian supplies economic at @12 with current technology providing a nice ceiling, Asia = 90% Japan and Japan stil in economic coma. Germany looking shaky too. CRB price index setting new lows regularly. I would trade it between $49 and $40.

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