Tuesday, January 22, 2013

Investopedia: Schlumberger Still Facing A Tough Environment

Contrary to many expectations a year ago, the oil services business didn't see much improvement in 2012. While Schlumberger (NYSE:SLB) is probably the best in the business, even it couldn't escape the realities of tough demand conditions in North America. With pricing weakness spreading in North America, can the international business grow enough in 2013 to lead to better results and multiples for this company and the broader sector?

Click below to continue:

No comments: