$SLB and $HAL dipped yesterday after a gap up on Monday. This came on the heals of a sector wide jump as commodities surged with a falling dollar. Now it’s time to consider a longer term climb for these two oil servicers.
The oil services firms like Schlumberger (NYSE:SLB) and Halliburton (NYSE:HAL) are selling for roughly half of what they were a year ago, but with prices looking like they are going to continue stay firm or continue to increase as the recovery picks up steam, the entire energy sector should see the stock prices begin to move back up. LINK
The logic seems to hold in the above paragraph especially given that the big buzz is that we are nearing peak oil faster than anticipated. Now whether you believe this kind of hype or not, it matters more that with broader acceptance HAL and SLB share prices will undoubtly be positively affected.


1 response so far ↓
Getting Serviced Again. « // August 21, 2009 at 11:06 pm |
[...] · Leave a Comment $HAL and $SLB, were up a good deal today, both having done well since we featured them in early August. While SLB has been a little slower off the mark it did get quite a jumpstart today, better than [...]
You must be logged in to post a comment.