https://www.bloomberg.com/news/articles/2020-09-01/schlumberger-sells-north-american-fracking-business-after-slump
13 replies (most recent on top)
Good question.....
I wonder how many senior to executive in SLB maanged to jump out of OneStim since Jan 2020 and save their PIP and hide?
Only French speakers need to apply!!!!
Maybe we should have copied Halliburton’s Cementing Units.
People keep what works and trash what doesn’t.
Did anything that Paypaal do turned out to be anything but an utter disaster?
When they bought the $400 million in garbage equipment from weatherford, everyone was confused as it made no sense and now look what happened. Now they sell it for sc-ap. WTF?
To the person who can’t spell Fracking, we see you cannot C the real picture even after 15 years......
LMFAO on the preceding 2020 PBS comment. As my grandmother used to say "Good riddance to bad rubbish!"
Finally!! the winner of 2020 PBS for "A Realistic Engineered Completion"
Fraking was starting to be a big deal when I joined SLB around 2005. Now Trump has k–led of most of the industry, along with damn near everything else.
It's true: people get the government they deserve 💯
If I may:
"Good luck to Liberty. SLB board and managment need to sharpen their pencils, they are at risk of turning big blue into Big Red!
Who will Halliburton have to copy, IF Schlumberger would go belly up?
PayPaaL's revenge. Well played, w—rrs.
Finally!!!!!!! Frac can be a millstone around Liberty's neck. Who knows, SLB might actually make money now. From a SSO standpoint having supported multiple groups/segments, Frac (and later OneStim) was always the worst to deal with. I feel badly for those who will be losing jobs, but unloading this business will be like cutting out a cancerous growth!
Well that was kind of obvious, when was the last time SLB bought a technology or smaller competitor and turned it around increase ROI? Camco 1990s?
I wonder how many senior to executive in SLB maanged to jump out of OneStim since Jan 2020 and save their PIP and hide?
Good luck to Liberty. SLB board and managment need to sharpen their pencils, they are at risk of turning big blue into the red!