Thread regarding Schlumberger Ltd. layoffs

Investment Community Not Fooled

I worked 9 years in SLB, left and went into finance. Although it's been quite some time, I just have to say I wish I had left way earlier. After touching base recently with few friends that are still in the company and in management positions, all I have to say is wow! If I was any young person, I would not even think about joining this crooked and fraudulent organization.

With that said, I will not bash the company from the inside as I am not in a fair position to do so. However, I will offer a warning, perhaps only my opinion, but it is coming from the outside, from one of the largest investment firms in the world.

The financial world is souring heavily on companies like SLB as they are fully aware of the "faker" companies in the world. The "digital" transformation and false sustainability narratives are not being bought by any major investor from Hong Kong to Wall St. It is obvious that SLB is trying to rebrand the same cr---y assets and technology that have existed for the last 3 generations with some kind of digital and ESG spin. Arguing that BlueFlex scheduling is now a carbon reduction initiative isn't at all bought by any respected analyst or fund manager. Another example, the se-ual harassment lawsuits and claims that the ConnectWomen ERG serves good governance are totally lost when the company cannot provide any tangible proof that any solid recommendation was ever implemented. It's such a false surface narrative that is taking place and destroying any credibility in the investment world.

There is no serious sustainability progress or concern for climate action. The paltry investments under the banner of "New Energy" are merely drops in the bucket compared to what other companies are pouring in along with the VC and seed money going into this space are absolutely clear evidence that the primary objective is to prevent capital flight by putting some spare change backing unproven and high-risk horses in the renewable energy space in order to prevent a massive sell-off of shares. SLB is so far behind and so far away from the reality of competing effectively in the "New Energy" space that it's almost criminal negligence to make the claims they are attempting to falsify to the retail investors.

Anyway, the cat is out of the bag and the investment world is going to come down hard on the fake actors like SLB. Be forewarned, if you are an employee, I would start looking outside ASAP. Any new graduate should avoid SLB especially if they truly care about their future. As an investor, get ready to pull your money out as soon as you see a fair exit point in the next few months. The massive sell-off is coming. Expect the stock price to return to teen levels within a year.

You have been warned.

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| 4193 views | | 13 replies (last November 6, 2021) | Reply
Post ID: @OP+1cfaqlNO

13 replies (most recent on top)

The fake global warming cr-p is attempting to fix a problem that doesn’t exist. Take your sustainability and climate warming and green fa-t gases and shove them in Uranus.

Signed

  • beefeater
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Post ID: @1rakp+1cfaqlNO

Hello - I don’t believe this is a legitimate investor giving advice / posing the question.

How will the stock price hit the teens? I don’t know.
Will the stock price hit 60 in the next 12. Months. I don’t know

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Post ID: @sciy+1cfaqlNO

@dytb+1cfaqlNO institutional investors have no opinion on SLB, when they blindly invest through mandates, such as indexing. vanguard holds the same % of float of SLB as they do Gamestop. it's not because they believe Gamestop is more ESG, or a more viable business. it's not indicative of discretionary investment.

i see you are quite ignorant of this, so maybe you should try cos-playing as something else?

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Post ID: @enze+1cfaqlNO

@auhu+1cfaqlNO point isnt whether finance community is right or wrong.
Point is, institutional investors hold 80% of float so their opinion does infact matter.
I see you have developed strong defences mechanism working at SLB. And are able to deflect your mistakes and shortcomings on other. You will do well at SLB.
Peace out.

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Post ID: @dytb+1cfaqlNO

Why walking on eggshells around Vanguard, Blackrock, State street, as if watching what you say about them will change anything? You being a yes men to finance industry?

Maybe try explaining what they hold, and why. You don't need to reveal your degree to for everyone to infer your competence

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Post ID: @auhu+1cfaqlNO

You dont need a degree to do anything. Having any so called superior degree than mocking philosophy majors just doesnt show you in good light.

Institutions still own 80% float. Better talk carefully about them.

Also you are not talking within Slb so dont expect yes men here.

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Post ID: @9gbx+1cfaqlNO

Way to utterly miss the point.

The point isn't about whether a stock/sector is attractive. The point is whether finance community has proven they can recognize it or not. And if they don't show this basic competence in their own field -- e.g. active finance consistently underperforming passive indexing -- then their opinion on energy means di-k-all.

You need an engineering degree to connect those dots?

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Post ID: @9xiz+1cfaqlNO

Denigrating philosophy majors tells a lot about you. You must be a geology graduate. Tell me is that even engineering?

And this is SLB layoffs. People are not here to disucss the sophistication of finance community. Years of bear run followed by 12 bullish months makes a stock attractive now?

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Post ID: @8kvm+1cfaqlNO

While I want agree with the sentiment that ESG is nonsense, it's also a complete joke that "the financial world is ... fully aware of the "faker" companies in the world", as if there is any sophistication in that industry

"major investor from Hong Kong to Wall St" have bought into worse narratives. They pumped scams like Quantumscape into a higher market cap than Schlumberger this calendar year. Major banks blew multi-BILLION dollar losses in their income statement supporting Archegos and Greensill, just this year alone.

If "major investors" had a clue, they would've gotten a larger share of the energy sector, which has been LEADING all the sectors in the S&P 500 for the past 12 months.

Your world is a bunch of 25 year old Philosophy-undergrad + MBA holders dialing in a phone call once a week to write a 2 pager report with price target that trails stock trends. Don't roll in here and pretend the investment community are beyond being fooled themselves.

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Post ID: @6bki+1cfaqlNO

SLB, the have a meeting and check a box company that is lead by socialist agenda a French and are only here to destroy American progress.

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Post ID: @4dxv+1cfaqlNO

As a consumer, you are destroying the earth. We are sheep to the rich, didn't need 10 meetings and 5 different teams meetings to figure it out. Climate change...lol....nice buzz word you drop there....spoken like true brainwashed SLB sheep.

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Post ID: @2hwq+1cfaqlNO

This is quite interesting to say the least. I'm in SLB and I just had a meeting couple days ago where my N+2 was having a side convo about how some big funds are turned off with lack of real action by SLB in envio and sustainability. Didn't think much of it until now. This can't just be a coincidence. Sounds like to me it's time to dust off my resume...

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Post ID: @rnw+1cfaqlNO

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