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Gold/Mining/Energy : Schlumberger - The biggest/baddest oil service company -- Ignore unavailable to you. Want to Upgrade?

To: Neil H who wrote (164)6/7/2000 11:40:00 AM
From: Alfred W. Post  Read Replies (1) | Respond to of 216
 
This interesting and certainly helpful for the firm, but do not forget that their share price is mainly dependant on the drilling activities of the oil companies. And that in term depends to a large part on the direction oilprices take. In guessing at the share price it is important to find the right answer on the activities of the OPEC. I think that they learned a lesson last time aroung and will not let the oil price go up uncontrolled for fear of starting a trend to search intensly for oil which in the long will drive oil prices again down because of overproduction. So I do not see the fortune of Schlumberger overly rosey. Fred



To: Neil H who wrote (164)2/12/2001 5:01:57 PM
From: Bald Eagle  Read Replies (1) | Respond to of 216
 
Down over $9! Ouch. I guess Wall Street didn't like the proposed purchase of SEMA.


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