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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?
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