Schlumberger (SLB) Watchlist

tz-plus logo Schlumberger: A top stock to bet on a [comeback] of the oil industry in Venezuela. Over 100 billion USD flowing into new infrastructure!

J. Meyer
Reading Time: 2 minutes

In the US model portfolio, we decided to purchase shares of Schlumberger on Monday. It is the logical Phase I beneficiary when the US begins to increase oil production in Venezuela. With over 303 billion barrels in reserves, it has the largest reserves in the world. Current production of 0.8 to one million barrels per day is initially set to increase to two million barrels per day. After that, three million barrels per day are targeted. Gigantic infrastructure investments are on the horizon The consulting firm Rystad Energy estimates that investments...

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