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Stock Market & Financial Investment News

News Breaks
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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September 16, 2014
07:42 EDTSLBDeutsche Bank to hold a conference
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September 15, 2014
07:23 EDTSLBHart Energy to hold a conference
2014 DUG Eagle Ford Conference to be held in San Antonio, California on September 15-17.
September 12, 2014
15:48 EDTSLBSchlumberger favored to win Petrobras service contract, Bloomberg reports
Schlumberger (SLB) is favored to win half of the well services work being offered by Petrobras (PZE) which is valued at more than $2B, Bloomberg says, citing two people with knowledge of the tender. Schlumberger had submitted the most competitive bid for 50% of the well services work, Halliburton (HAL) had placed the lowest-cost bid for 30% of the work, and Baker Hughes (BHI) is set to win the remaining 20% of the work, the people added. Reference Link

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