As the world’s premier oil services company, Schlumberger Ltd’s (NYSE: SLB) earnings often provide valuable clues about the near and long-term direction of the energy business. What stands out from the company’s Q4 numbers and guidance?
The key point to remember about Schlumberger (NYSE: SLB) is that the company has the purest focus on international markets of any of the service majors.
The company completed the sale of its OneStim pressure pumping unit to Liberty Oilfield Services (NYSE: LBRT) at the end of 2020; SLB now owns more than 42% of LBRT’s outstanding shares.
Of course, pressure pumping – hydraulic fracturing services — are a key service for producing from US shale fields. However, this unit is a deeply cyclical and commodity-sensitive business that’s been plagued by excess capacity and weak margins in recent years.
Your complete guide to energy investing, from growth stocks to high-yielders.
In October 2012, renowned energy expert Elliott Gue launched the Energy & Income Advisor, a twice-monthly investment advisory that's dedicated to unearthing the most profitable opportunities in the sector, from growth stocks to high-yielding utilities, royalty trusts and master limited partnerships.
Elliott and Roger on Feb. 25, 2021
Balanced portfolios of energy stocks for aggressive and conservative investors.
Our take on more than 50 energy-related equities, from upstream to downstream and everything in between.
Our assessment of every energy-related master limited partnership.
Roger Conrad’s coverage of more than 70 dividend-paying energy names.