Thursday, November 26, 2015

Schlumberger: The Prime Reason To Wait On Owning The Stock

  • The Department of Justice approval sets Schlumberger up for completing the Cameron merger on time.
  • The deal remains on path to provide a boost to Schlumberger's EPS estimates.
  • A big concern remains that the market won't appreciate the lower margins from the Cameron business.
  • The recommendation remains to hold off on owing this stock until after the company releases the merged financials.



The recent approval of Schlumberger's (NYSE:SLB) purchase of Cameron (NYSE:CAM) sets up the deal to close in Q1'16. The oilfield service giant faced limited regulatory impact from buying the Cameron business that has little overlap.

Read the full article on Seeking Alpha.


Disclosure: Long HAL. Please review the disclaimer page for more details. 



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