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January 17, 2014
09:26 EDTSLBSchlumberger is 'positively optimistic' for 2014, targets EPS up double digits
Expects Q2 and Q3 to show strong sequential growth while Q1 will see a decline in margins due to seasonal slowdown. Sees FY14 CapEx $3.8B. Expects FY14 EPR to be in the low- to mid- 20s. Internationally, Sees E&P customer spending up 6% in 2014. Expects first license round for Mexico energy reform to be held in late 2014, with the earliest impact on the company's activity in 2015. The business environment remains difficult with lower activity in Q4 for Brazil, and the company expects another challenging 2014 before activity growth likely resumes in 2015. Sees strong growth in northern Iraq while the activity in the south will likely remain flat in 1H14. Going into 2014, the company expects to continue investing activity in Central Asia region. Expects growth in Europe and Africa region to be driven by sub-Sahara Africa and to a certain extent, the North Sea. The company is also expected to see strong growth in 2014 for the Gulf of Mexico. The main challenge in North America land market will continue to be pricing. The international gas market is expected to remain stable supported by strong demand in Asia and improving demand in Europe. In the U.S. the company is assuming production level and strong competition with coal. Comments taken from Q4 earnings conference call.
News For SLB From The Last 14 Days
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November 17, 2015
17:33 EDTSLBSchlumberger, Cameron say Justice Department clears proposed merger
Schlumberger (SLB) and Cameron (CAM) jointly announced that the U.S. Department of Justice has cleared their proposed merger without any conditions, granting early termination of the waiting period required by the Hart-Scott-Rodino Act. The closing of the proposed merger remains subject to approval by Cameron stockholders, with a special shareholder meeting scheduled for December 17. Schlumberger and Cameron expect to close the merger in 1Q16.
November 16, 2015
17:10 EDTSLBSoros took stake in Paypal, liquidated Herbalife stake
Soros Fund Management gave a quarterly update on its stakes in a filing this afternoon. NEW STAKES: Paypal (PYPL), CIT Group (CIT), Schlumberger (SLB), Kraft Heinz (KHC), and Amazon (AMZN). INCREASED STAKES: Allergan (AGN), Lions Gate (LGF), Energen (EGN), Southwest Airlines (LUV), and Qunar Cayman Islands (QUNR). DECREASED STAKES: LyondellBasell (LYB), YPF (YPF), Time Warner Cable (TWC), Dow Chemical (DOW), and Monsanto (MON). LIQUIDATED STAKES: Herbalife (HLF), Lennar (LEN), DR Horton (DHI), United Continental (UAL), and Nice Systems (NICE).
15:17 EDTSLBSchlumberger acquires Fluid Inclusion Technologies, Inc.
Schlumberger announced the acquisition of Fluid Inclusion Technologies, Inc., a U.S.-based oil and gas service company specializing in laboratory analysis of trapped fluids in rock material, and advanced borehole gas analysis on drilling wells. Amir Nessim, president, Testing Services, Schlumberger, said, "This acquisition is a natural extension of our comprehensive reservoir fluids and rocks services. Customers can expect even stronger one-stop-shop evaluation of rock and fluids from their developments, which we offer through our global network of Schlumberger Reservoir Laboratories."

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