I added to my position in Schlumberger (SLB) this morning due to the stock's attractive valuation. I added at $74.28 to $74.48. Readers will recall that I cut my position back in December 2010 at about $82 per share after choosing SLB as my "High Conviction Pick" in May of 2010. The long-term bull case for SLB is:I have accumulated SLB over the years.
- Peak oil
- Weak USD
- Emerging markets
Saturday, August 27, 2011
For Investors: Schlumberger -- From SeekingAlpha.com
Link here, from SeekingAlpha.com:
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