for *ME*, i have found i cannot rely too awful much on SLB simply because 1) it is much more than an Oil company, it is a multi-national conglomerate, and 2) since 1) before this, it has a HUGE Institutional investor following. Meaning, SLB in itself is a much more 'safer' place to put Oil money, when you have responsibilities to your shareholders. If i had 50 Mill to put into what was a dead sector 3 months ago, AND i had to answer to anybody, would i put it into a 'Safe' SLB or HAL or BHI (to some extent), or would i put it into R&B FLC, VRC, MRL, PKD, PDE ?? We both know the answer to that one.
SLB is a very steady performer, while the others 'appear' to be yo-yo's. The price of the stock relates 100% to the price of Oil - NOTHING else matters. Look at Oils with Big debt, little debt, lots of cash, little cash, ALL of them have the same thing in common - as goes the NYNEX - so do their stock prices...... |
