The oil price plunges by 12%. Why the stock of the oilfield services company is still rising and is a buy!
Schlumberger is on the brink of a super cycle in oil investments. The Iran war has even intensified this.
Consensus estimates for the coming years are set to rise. Schlumberger is just at the start of a new upward movement.
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While the price of Brent crude oil plunges by a drastic 12% today, Schlumberger resists the downward pull. This decoupling is not a coincidence; it reflects a fundamental shift in the energy sector. Here are four reasons why the stock is sending a buy signal right now: 1. The reconstruction factor: Significant infrastructure damage in the Middle East is forcing the region into high reinvestments. For Schlumberger, as a global market leader, this means a long-term secured order pipeline that largely operates independently of short-term price fluctuations...
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