Schlumberger: 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 outside the Middle East.
A new super cycle in oil investments is emerging with Schlumberger as a beneficiary.
Reading Time: 2 minutes
The Iran war has exposed the vulnerability of Asia and especially Europe to fossil energy sources like 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 the top winner. The following points support this view: Exploration Compulsion: After twelve years of declining investments, today 90% of worldwide E&P expenditures (Exploration...
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