New Super-Cycle in Oil Investments? Why I am Bullish on the Stock!
Rising energy prices increase the incentive for new investments – such as in Venezuela and beyond the Middle East.
A new super-cycle in oil investments is on the horizon with Schlumberger as a beneficiary.
Reading Time: 2 minutes
The Iran war has revealed the vulnerability of Asia, and especially Europe, regarding fossil energy sources such as oil and LNG. These continents are suffering the most from strained supply chains and rising prices. I believe that a new super-cycle of investment will establish itself in the oil and gas sector. Schlumberger , as a leading oilfield services company, is emerging as a top winner. The following points support this view: Exploration Necessity: After twelve years of declining investments, 90% of global E&P spending (Exploration & Production)...
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