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SCHLUMBERGER DL-,01SS

SCHLUMBERGER DL-,01

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$SLB Schlumberger Ltd Bullish targets Schlumberger NV engages in the provision of technology for reservoir characterization, drilling, production and processing to the oil and gas industry. It operates through the following business segments: Reservoir Characterization, Drilling, Production, Cameron and Elimination and other. The Reservoir Characterization Group segment consists of the principal technologies involved in finding and defining hydrocarbon resources. The Drilling Group segment includes the drilling and positioning of oil and gas wells such as bits and drilling tolls, drilling and measurement, land rigs and integrated drilling services. The Production Group segment provides technologies in the lifetime production of oil and gas reservoirs such as well services, completions, artificial lift, well intervention, water service, integrated production services and others. The Cameron Group segment consists of the pressure and flow control for drilling and intervention rigs, oil and gas wells and production facilities. The company was founded by Conrad Schlumberger and Marcel Schlumberger in 1926 and is headquartered in Houston, TX.
NYSE:SLBLong
by RedHotStocks
Schlumberger D1Schlumberger is the largest oilfield services company. Which is engaged in the search for gas and oil fields, drilling wells and servicing them in the process of production. Recent years have not been very successful for the company. But the price of their shares often depends on the cost of oil. The highest stock prices were at a time when oil quotes were also at the top. After 2014, this is the last top stock price, securities fell 85%. The fall was greatly affected by the pandemic and the fall in oil prices. But today it makes it possible to buy these shares at a very cheap price. You need to understand that quarantine restrictions are starting to be lifted around the world. This increases business activity and stimulates oil growth. There will always be a need for oil, which means that Schlumberger will always find work.
NLong
by StrongBull777
2
SCHLUMBERGER $SLB Short SetupBeing in one of the industries being hit the hardest by this outbreak, I believe further downside movement is due after our triple top @18.5$, our rejection of the 100 MA coupled with the bearish divergence on the MACD may point us towards a retest of our local support range marked by the green box or even possibly creating new lower lows. We can also notice a possible head & shoulders formation developing on the chart, which in my opinion will playing out due to the gap in price possibly creating further downside pressure. To be safe I would trade at the breakout of the neckline. I expect the overall market to drop as we can see a bearish divergence on the S&P, which I had pointed out on my last $AIG trade setup. I would keep a tight stop at either the top of the shoulder @17.3 and TP would be the range indicated by the green box. Cheers and good luck. Feel free to share your thoughts!
NShort
by Zanalysis
SLB Ascending broadening wedgeHorrible performance in Q1 that is also expected to get even worse in Q2. Dividends were cut by 75% yet the stock kept going up day after day as traders speculate the WH might come up with some sort of policy to give a face lift to some E&P operators and raise oil prices. WTI May futures trades below 0 and JUNE futures below $20 but still SLB went up 10%???? Whatever the WH does and whatever the Fed does like buying junk bonds ETFs, service companies like SLB & HAL have WAY less JOBS to perform during this pandemic. This is probably going to send the stock to $10 soon whenever the speculation about WH action fades away. Major operators with good balance sheets might survive but service companies won't be able to generate CASH FLOW without ACTUAL jobs. Good luck!
NShort
by mtraderz
1