Core Viewpoint - Halliburton (HAL) shares have experienced a significant rally, achieving a total return of 9.8% over five consecutive days, driven by rising oil prices which positively impact oilfield services demand [1] Group 1: Stock Performance - HAL's market value has increased by approximately $2.1 billion over the last five days, bringing its current market capitalization to around $21 billion [1] - The stock is currently 8.0% lower than its value at the end of 2024, contrasting with year-to-date returns of 12.9% for the S&P 500 [1] Group 2: Company Overview - HAL provides a range of products and services to the energy sector, including production enhancement, drilling fluid systems, performance additives, completion fluids, solids control, and specialized testing equipment [3] Group 3: Market Trends - There are currently 62 S&P constituents with three or more consecutive days of gains, indicating a broader trend of positive momentum in the market [5] - Momentum in stock performance can signal growing investor confidence, which may lead to further buying activity [4]

Core Viewpoint - ExxonMobil, Petrobras, and TechnipFMC have raised objections to the merger between Italy's Saipem and Norway's Subsea 7, urging Brazil's antitrust regulator to block the transaction due to concerns over competition in the oilfield services sector and potential price increases [1][2]. Group 1: Concerns Raised - The merger is expected to significantly affect competition in the markets for subsea umbilical, risers, and flowlines, as well as the supply of pipe-laying vessels [2]. - ExxonMobil indicated that the merger would limit customer options, resulting in a single relevant supplier in the deep-water pipeline installation market [2]. - TechnipFMC expressed similar concerns, stating that the deal would restrict competitors' access to Brazilian public tenders [2]. Group 2: Market Position - Petrobras highlighted that Saipem and Subsea 7 already control 47% of the vessels servicing its subsea engineering, procurement, construction, and installation (EPCI) contracts [3]. - The merger would create a new entity, Saipem7, with projected revenues of approximately €21 billion ($22.6 billion) and a combined backlog of €43 billion [4]. - A shareholders' agreement has been signed by Eni, CDP Equity, and Siem Industries to support the merger, with leadership roles designated for the new company [4].

Group 1 - The article confirms a "Buy" recommendation for Schlumberger (NYSE: SLB) shares with a target price of $39, indicating a potential upside of approximately 15% from current levels [1] - The investment idea is based on the analyst's extensive experience in the investment world, focusing on uncovering hidden value in emerging markets [1] Group 2 - The analyst has a background in equity analysis across various sectors, which contributes to a comprehensive understanding of financial statements and market dynamics [1] - The analyst's educational qualifications include a bachelor's degree in Antwerp, a master's at KU Leuven, and an MBA in Finance from Vlerick, providing a solid theoretical and practical foundation [1]

Group 1 - The article confirms a "Buy" recommendation for Schlumberger (NYSE: SLB) shares with a target price of $39, indicating a potential upside of approximately 15% from current levels [1] - The investment idea is based on the author's extensive experience in the investment world, focusing on uncovering hidden value in emerging markets [1] Group 2 - The author has a background in equity analysis across various sectors, which contributes to the depth of the research presented [1] - The article emphasizes the importance of understanding the real story behind financial statements to identify investment opportunities [1]

Core Points - SLB will hold a conference call on October 17, 2025, to discuss its third-quarter results for the period ending September 30, 2025 [1] - The conference call is scheduled to begin at 9:30 am US Eastern time, with a press release regarding the results to be issued at 7:00 am US Eastern time [1] - Listeners can access the conference call by contacting the Conference Call Operator at +1 (833) 470-1428 within North America or +1 (646) 844-6383 outside of North America [1]

SLB (NYSE: SLB) announced it will acquire RESMAN Energy Technology, whose advanced tracer technology enables ultra-precise monitoring of reservoir flow across oil, gas, CO2 storage, and geothermal applications. The acquisition gives SLB access to RESMAN’s chemical tracer systems, which detect fluids at parts-per-trillion accuracy and allow operators to track water, oil, gas, and CO2 movement within wells without disrupting production. These insights help extend well life, reduce unwanted fluids, and optim ...

Core Insights - Schlumberger Limited (NYSE:SLB) is recognized as one of the 15 best natural gas and oil dividend stocks to buy currently [1] - The company completed the acquisition of ChampionX Corporation, which contributed $850 million in revenue and $190 million in adjusted EBITDA, with expected annual pre-tax synergies of $400 million within three years [2] - Schlumberger announced a quarterly cash dividend of $0.285 per share, with an annual dividend yield of 3.32%, and plans to distribute $4 billion through dividends and share repurchases this year [3] Financial Performance - The acquisition of ChampionX is anticipated to enhance revenue growth and cost savings, projecting second-half 2025 revenue between $18.2 billion and $18.8 billion [2] - The company aims to return over 50% of its free cash flow to shareholders [3] Market Position - Schlumberger is the world's largest oilfield service company, deriving approximately 80% of its revenue from international and offshore markets, which positions it favorably despite North American drilling activity declines [3] - The company provides technology for reservoir characterization, drilling, production, and processing to the global energy industry [3]

An analyst downgrade weighed on a high-flying utility stock on Tuesday, Sept. 23, 2025, while an uptick in oil prices helped drive gains for an oilfield services giant and its peers. https://t.co/vN64xA6wZI ...

The United Nations 80th General Assembly roared into life on Tuesday, with Trump center stage. In a 56-minute combative speech, Trump rejected the idea of a Palestinian state, urged Europe to pressure Russia to force an end to the war in Ukraine, and told leaders of nations he deems soft on immigration : "Your countries are going to hell."Uncertainty and volatility could ripple through markets until agreement on government funding is reached, which history shows is often at the 11th hour. Investors won't be ...

Summary of Key Points from the Conference Call Industry Overview - **Pharmacy/Drugstore Industry in China and Japan**: The industry is currently undervalued, with China's pharmacies in a critical transitional phase. The low valuations may represent a cyclical trough as leading companies manage prescription outflow and category expansion effectively. Concerns regarding profitability in Japan's dispensing business due to drug price reductions are considered overblown, suggesting potential for a re-rating in the sector [3][11]. Company Insights - **Pop Mart (9992.HK)**: The company is viewed neutrally due to a less favorable risk/reward profile, despite a solid long-term investment thesis. Key factors influencing Pop Mart include the necessity of licensing renewals, the importance of owning retail stores during downturns, and the need for appealing design and rapid market response. Significant share price weakness could present a good entry point, with a price target of HK$300 driven by strong sales of new products and upcoming animations [4][11]. - **China Oil E&C and OFS Sector**: Companies like SEG and COSL are highlighted for their strong backlog expansion and expected earnings growth. COSL is projected to deliver a 20% year-over-year growth in net profit for FY25. The sector is characterized by high conviction in record backlogs and stable capital expenditures from major Chinese oil companies. Price targets for several companies in this sector have been lifted, reflecting positive sentiment [6][10][13]. - **China Medtech Industry**: The potential exit of GE HealthCare from the Chinese market underscores a trend of consolidation within the Medtech sector. Domestic companies are expected to gain market share as they are better positioned to navigate local challenges. This shift indicates a rapidly changing competitive landscape [8][11]. Financial Metrics and Projections - **Hong Kong Property Market**: Following a recent rate cut, the effective mortgage rate is now 3.375%, which is still higher than the net rental yield of 3.1%. The expectation is for a positive carry to be achieved by 2026, supporting a forecast of 3-5% home price growth. Key developers to watch include Henderson and Sino Land, with a preference for Swire Properties among landlords [7][12]. - **Earnings and Dividend Projections**: - Offshore Oil Engineering and Yantai Jereh are expected to see significant increases in earnings and dividends, while COSL and Sinopec Oilfield Service Corp are projected to experience declines in earnings estimates [14][16]. Additional Insights - **Market Sentiment**: The overall sentiment in the sectors discussed is cautiously optimistic, with potential for growth in the pharmacy and oil sectors, while the Medtech industry faces challenges from multinational exits. The property market in Hong Kong is also expected to stabilize with future rate cuts [3][6][8][7]. This summary encapsulates the critical insights and projections from the conference call, providing a comprehensive overview of the discussed industries and companies.