The Accent Is on Schlumberger
I recently recommended oil-services provider Schlumberger (SLB) to clients, so let's review how the stock is positioned following its second-quarter earnings release.
Schlumberger 39, Competitors 6 -- that's the score SLB CEO Paal Kibsgaard provided when asked about market share on the conference call. He said that the company continues to replace competitors on key projects and key rigs, so the focus on operations integrity and quality has become a significant market share driver. "We replaced our competitors 39 times, we were replaced 6 times," Kibsgaard said. "We are not going to replace our competitors at their pricing or at the average pricing. We need a premium to do that."...394 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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