TNRSF - SLB: Taking Stock With Earnings On The Horizon
2024-04-17 09:00:00 ET
Summary
- SLB, an oil field service company, is a potential investment opportunity in the energy market for those who are bullish.
- SLB's revenue has grown rapidly, driven by strong drilling activities and increased sales of production systems.
- The company's digital and integration activities have shown slower growth, but overall profitability has increased.
- Recent acquisitions are interesting and could bode well, but SLB shares are a bit pricey compared to similar firms.
- In all, it's alright to be cautiously optimistic about its ability to generate a nice upside.
Right now seems to be a very bullish time for the energy markets. In some recent articles, such as here and here , I detailed exactly why this is. Restrictive policy by OPEC+ nations, combined with strong demand and geopolitical disruptions, have all come together to push prices higher. One way to invest in this is to buy into companies that focus on the exploration and production of crude. But there are other approaches to take as well. Oil field service companies can also be an interesting avenue for investors to explore. And one of the best companies in this space happens to be SLB ( SLB ), previously known as Schlumberger Limited....
SLB: Taking Stock With Earnings On The Horizon