Schlumberger (SLB) Sees End in Sight for Slumping Oil Prices | SLB Message Board Posts

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Msg  77 of 91  at  1/28/2009 2:00:01 PM  by

ContrarianProfits


Schlumberger (SLB) Sees End in Sight for Slumping Oil Prices

A massive slump in oil exploration spending pummeled Schlumberger Ltd. (SLB), the world’s largest oilfield services corporation, as profit fell 17% in the fourth quarter. But the company said curtailed spending could be setting the stage for a rebound in oil and gas prices as supplies dwindle.

http://www.contrarianprofits.com/articles/schlumberger-slb-sees-end-in-sight-for-slumping-oil-prices/12266


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