Will 'Industry Crisis' Cause Schlumberger To Walk?
Dismal E&P and Cameron's declining earnings and backlog could give Schlumberger necessary cover to walk away from the deal.
An industry in crisis and a drop off in offshore E&P could give Schlumberger the necessary cover to walk away from the deal or seek a lower purchase price. Whether it invokes its MAC clause remains to be seen.
You probably feel pretty stupid now for this post?
Duh
One stop shop for upstream products and services - V&M will go bye-bye
Oil was in the tank back in August '14 when they announced the acquisition. If SLB wanted to walk away for that reason, they would have done it then. Their long term strategy is completely changing the SLB business model, They are no longer going to be just a services company. One stop shop baby!