Each earnings season, we look forward to poring over quarterly results from the two largest oil-field-service companies–Schlumberger (NYSE: SLB) and Halliburton (NYSE: HAL).
These industry giants’ earnings calls–particularly the wide-ranging discussions hosted by Schlumberger, the world’s largest oil-field services company–provide invaluable insights into other aspects of the energy patch.
Because of Halliburton’s strong presence in the US and Canada, its management team tends to take a more bullish view on the North American market than Schlumberger, which usually emphasizes international activity. Evaluating both companies’ results and commentary helps investors to form a complete picture of key energy markets.
The read-through from Schlumberger and the other major oil-field services companies’ earnings reports and subsequent conference calls are particularly useful because they occur before many other energy-related names announce quarterly results.
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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 Jul. 27, 2022