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

To: Poncho who wrote (103)	1/24/1999 12:25:00 PM
From: csm	Respond to of 216

I did a little research recently and found that HAL was better valued. In the end I bought, and am still buying, Precision Drilling (PDS). It tracks HAL and SLB but is better value still, in my mind. Stuart.

To: Poncho who wrote (103)	1/29/1999 7:52:00 PM
From: KW Wingman	Respond to of 216

HAL and SLB are not redundant there is some overlap but mostly no overlap. They are both very big players in very different segments of the oil service business. SLB is dominate in wireline and downhole logging. SLB also owns SEDCO FOREX a large offshore drilling contractor. SLB also has a large sesmic business. SLB also has a large amount of non oil field business. HAL is dominate in drilling fluids (mud) and cementing systems. The mud system is a very big deal on a drilling rig. HAL supplies the equipment for this system. Service is also a big part as they supply trained mud engineers to constantly test the mud and recommend corrections as required. SLB is a customer of HAL as far as mud and cementing systems goes. I have not followed these stocks for a few years and HAL may have purchased a drilling contractor so there may be more overlap than I think. IMO, They are both great companies to have in your portfolio. I am not sure about the timing right now.