Schlumberger Stays Neutral
Posted on August 31, 2010 at 12:35 PM EDT
Following the completion of the Smith International Inc. (NYSE:SII) merger, we maintain our Neutral recommendation for Schlumberger Limited (NYSE:SLB) shares as we believe that the investment case has not changed to that tune. While the merger diversifies the company’s offerings, the gap with its competitors have been reducing significantly in recent times. Schlumberger’s closest competitor, Halliburton ...