Schlumberger: Brent rises above 100 USD - why it’s my favorite in the energy sector!

Schlumberger is my favorite in the energy sector. I believe the stock has the potential to rise towards 80 USD.
Jörg Meyer
J. Meyer
Reading Time: 2 minutes

Schlumberger is currently the most exciting stock for me in the energy sector. Brent has risen above 100 USD. If oil remains at such a high level, the incentives for producers to explore new fields, intensify the extraction of existing deposits, and advance complex offshore projects increase. The world's largest oilfield service provider benefits from this. The second point, for me, is structural. The Iran war highlights how risky the dependence on individual production regions remains. Energy companies and governments are likely to focus more...

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