Schlumberger Has Significant Upside Potential With ChampionX

AdrianHancu Schlumberger (NYSE:SLB) reported a strong start to FY24 with revenue growing 13% paired with aEBITDA margin expansion. Though the firm came in shy of my forecast, management remains adamant that the firm will experience strong and durable growth in the coming quarters. In addition to improvements in international production, management reaffirmed their agreement to acquire Houston, TX-based ChampionX Corp. (NASDAQ:CHX) in an all-stock deal valued at $7.8b at the time of the original announcement ...