BKR - Schlumberger And Core Laboratories: Industry Condition Is Ripening For Going Long
- It's time to have a bird's-eye view of the upstream oil industry using information gleaned from a variety of industry sources.
- E&P activities have been recovering since 3Q2020, despite the timidity as heard in the tone of the "surveyees" of the Dallas Fed.
- The rising E&P spending has begun to trickle down to the Big Three oilfield service firms, the next beneficiaries being smaller service companies.
- Therefore, it's time for conservative investors to go long Schlumberger and Core Laboratories.
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Schlumberger And Core Laboratories: Industry Condition Is Ripening For Going Long