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Strategies & Market Trends : Point and Figure Charting -- Ignore unavailable to you. Want to Upgrade?

To: Ms. X who wrote (699)	2/16/1998 3:14:00 PM
From: Sergio H	Read Replies (1) \| Respond to of 34820

SLB's shares are often cited as bellwethers for the entire oil services industry. The industry has been depressed by the drop in oil prices but is being helped by higher spending and increased outsourcing by the major integrated oil companies resulting in higher day rates and rig utilization. The stock is currently selling at a slight premium to its peer group. SLB's strategy has been to become a "one-stop shop," offering a complete package of oilfield management products and services. Company is benefitting from: * higher day rates and rig utilization. * the upgrades it made to its offshore seismic streamer vessels in 1996, * succesful introduction of new products such as "Platform Express." * increased market share and higher profit margins. On Jan. 22, SLB reported diluted earnings of $0.72 a share, 4 cents below of expectations, but up from year ago $0.52 a share. Several insiders selling shares during July through Nov. was the only negative that I found. Sergio