Home 2021 Sitting on a Cash Pile 11.0? The Oil & Gas Sector’s Blue Chip

Sitting on a Cash Pile 11.0? The Oil & Gas Sector’s Blue Chip

by Paul Ebeling

#cash #buy #VeryBullish

$SLB

No matter what the headlines say, we expect to see increasing global exploration and production of fossil fuels far into the future.

Schlumberger Ltd. (NYSE:SLB) is the world’s largest provider of services and equipment used in drilling, evaluation, completion, production and maintenance of Oil & Gas wells, spending in this sector is huge.

SLB broke out at 18 on 13 November 2020 and confirmed on 3 February at 24.18, thus garnering a Cash Pile LTN buy rating with a long-term target at 84/share.

This is the Bluest Chip in the sector and pays a 2.25% dividend.

The support is Strong and deep and there is no overhead resistance. Our Key technicals are flashing Very Bullish in here.

Schlumberger Limited supplies technology for reservoir characterization, drilling, production, and processing to the Oil & Gas industry worldwide.

It operates in 4 divisions: Digital & Integration, Reservoir Performance, Well Construction, and Production Systems.

The company offers reservoir interpretation and data processing services, open and cased-hole, and slickline services, exploration and production pressure and flow-rate measurement services, tubing-conveyed perforating services, integrated production systems, software, consulting, information management, and IT infrastructure services, reservoir characterization, field development planning, production enhancement consulting services, and petro technical data services and training solutions.

SLB designs, manufactures, and markets roller cone and fixed cutter drill bits; supplies drilling fluid systems, fluid systems and specialty equipment, production technology solutions, and engineered managed pressure and underbalanced drilling solutions; and offers environmental services and products; provides drilling and measurement, land drilling rigs, and related support services; and supplies well planning and drilling, engineering, supervision, logistics, procurement, and contracting services, as well as drilling rig management services.

In addition, the company offers well services; coiled tubing equipment; hydraulic fracturing, multistage completions, perforating, coiled tubing equipment, and services; well completion services and equipment; artificial lift production equipment and optimization services; and production management services.

Further, it provides integrated subsea production systems, drilling equipment and services, onshore and offshore platform wellhead systems and processing solutions; and valve and process systems.

The company was formerly known as Societe de Prospection Electrique. Schlumberger Limited was founded in Y 1926 and is HQ’d in Houston, Texas.

Have a healthy day, Keep the Faith!

You may also like

logo-white

Your Trusted Source for Capital Markets & Related News

© 2024 LiveTradingNews.com – For The Traders, By The Traders – All Right Reserved.

The information contained on this website shall not be construed as (i) an offer to purchase or sell, or the solicitation of an offer to purchase or sell, any securities or services, (ii) investment, legal, business or tax advice or an offer to provide such advice, or (iii) a basis for making any investment decision. An offering may only be made upon a qualified investor’s receipt not via this website of formal materials from the Knightsbridge an offering memorandum and subscription documentation (“offering materials”). In the case of any inconsistency between the information on this website and any such offering materials, the offering materials shall control. Securities shall not be offered or sold in any jurisdiction in which such offer or sale would be unlawful unless the requirements of the applicable laws of such jurisdiction have been satisfied. Any decision to invest in securities must be based solely upon the information set forth in the applicable offering materials, which should be read carefully by qualified investors prior to investing. An investment with Knightsbridge is not suitable or desirable for all investors; investors may lose all or a portion of the capital invested. Investors may be required to bear the financial risks of an investment for an indefinite period of time. Qualified investors are urged to consult with their own legal, financial and tax advisors before making any investment. Knightsbridge is a private investment firm that offers investment services to Qualified Investors, Members and Institutions ONLY. Qualified Investors are defined as individuals who have met those Qualifications in the relevant jurisdictions. Members are defined as individuals who have been accepted into the Knightsbridge membership program. Institutions are defined as entities such as banks, pension funds, and hedge funds. If you are not a Qualified Investor, Member or Institution, you are not eligible to invest with Knightsbridge. All investments involve risk, and there is no guarantee of profit. You may lose some or all of your investment. Past performance is not indicative of future results. Knightsbridge is not a registered investment advisor, and this disclaimer should not be construed as investment advice. Please consult with a qualified financial advisor before making any investment decisions. By accessing this website, you agree to the terms of this disclaimer. Thank you for your interest in Knightsbridge.