Pivotal-Point Tracking Schlumberger (SLB): Outlook for Massive Infrastructure Projects as Growth Driver after Venezuela Upheaval!
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Schlumberger is the global market leader in oilfield services and the primary beneficiary of the political upheaval in Venezuela. Following the establishment of the new government, the market anticipates a quick return of Western oil companies. Venezuela holds the largest oil reserves in the world, but production has plunged to a minimum due to outdated technology. SLB is classified as a "First Responder," as the company has decades of experience in the region and possesses the necessary technology to stabilize and modernize the dilapidated production...
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