HAL - Schlumberger: Top Idea In Energy Equipment And Services Providers
Image source: Schlumberger investor presentation
By Kris Rosemann
The energy equipment industry is heavily tied to the exploration and production expenditures of oil and gas producers across the globe. Many industry constituents participate in a number of different market segments to offer a complete range of products/services to customers. The fortunes of the group are levered to energy resource prices, as higher prices make drilling projects more attractive and increase the demand for oilfield equipment and services. However, falling prices have an opposite effect, creating long boom and bust cycles.
The E&P space in North