Will Slb be sold off in pieces to recover their debt?
What will be sold after Frac North America?
When to sell your stock?
7 replies (most recent on top)
Follow the signs ..... sell off basic services pump frac, d–b iron, next artificial lift, completions ....
38 year od backstabing ,wow what a skill. Slb never sell??. They design nothing but acquistion to steal design then break up and sell like tacos. You drink too mucj slb coffee.
"Hey" You former SLB Frac Crews in Jonna-Field out of Pinedale, WY-who thought you were all that & a bag of chips; another words your sh.. could make hamburger.
Liberty Oil Services out of Colorado may 'Hire' you as a Frack Employee; maybe. 😅🙊😅
Yes, Oliver has already confirmed this last year. "Non-profiting divisions will be sold off." I think he said something more fancy than sold off but basically if your division isn't profitable, your division is a target. Whose on the list? What's the plan? Will people be given packages or relocation options? Dunno. Still have contacts in executive level positions at multiple locations. Even they don't know.
I would let it climb as high as you believe it will go and then sell it. I sold mine when they released me in 2018 after 18 years of service at $77.00 per share. Made out like a bandit. Good Luck.
Regardless of what all the disgruntled former and current employees go on about, SLB is still a very viable company and will be around longer than them. Never really understood the current employees b*tch and moan attitude, if you're unhappy then move on. Nothing has really changed in the last 40 years (I retired from SLB two year ago after 38yrs), every downturn the water cooler and coffee pot crowd stand around bemoaning the demise of what was once a great company and how it isn't the same company to work for, all the while collecting their paycheck.
SLB will never sell, never will happen. dream on.
Company is deleveraging its balance sheet, and is a very good position to do so.
The cash position is not bad at all. Be realistic, Superior is at chapter 33 now and WFT is not that far, but they are still there. SLB has a long way to go and will rebound.