Schlumberger Is A Strong Buy After The Earnings (Rating Upgrade)

JHVEPhoto/iStock Editorial via Getty Images Investment thesis I have been bullish on Schlumberger Limited (NYSE:SLB) for a while and did not expect we would see another entry point in the $40s. However, terrible energy (XLE) and oilfield services (OIH) sentiment has brought us back to oversold levels not seen since the regional banking (IAT) crisis: TradingView via Seeking Alpha A major correction naturally raises questions about the validity of the fundamental thesis. However, Schlumberger's earnings beat ...