For better or worse, Schlumberger (NYSE:SLB)
is a stock that will give investors multiple second chances. Although
this company is regarded as the best of the oil services companies, the
ups and downs of the energy market (and the resulting impacts on
exploration, drilling, and production activity) lead to wide swings in
operating performance and the stock price. With surprisingly solid
margins, signs of improvement in North American activity, and strong
multi-year prospects in deepwater, subsea, and international projects,
this could be a good time to consider these shares.
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