Thread regarding Schlumberger Ltd. layoffs

SLB selling product lines to service debt and dividend?

Is Q4 really looking that bad? What product lines are going?

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| 2711 views | | 13 replies (last December 7, 2018) | Reply
Post ID: @OP+VPV4xXB

13 replies (most recent on top)

Mi belongs with slb long and strong baby.

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Post ID: @Ggum+VPV4xXB

Saudi Sovereign Wealth fund will buy SLB, why else is he always shaking hands with the royalty. PK will get an extra big bumper bonus on the way out, to convince himself it is a good deal for himself. The share price so low makes us more attractive.

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Post ID: @4mpi+VPV4xXB

They were trying to sell off the board, unfortunately nobody needs over paid group who pretend to be gurus and transformation (rename jobs and roles since the do not understand what the PL actually do) , under invest and shrink the share price. So the board will remain until the money runs out.....

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Post ID: @4twn+VPV4xXB

Agree, they are in buy mode with the rest of the industry. WG was dead with offshore. And SLB only makes moves that profit the long term. Down sizing before sale off is standard procedure. Again, fake news.

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Post ID: @2djp+VPV4xXB

Did you all forget the selloff from westerngeco? Its not fake news, its already happened

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Post ID: @2vrt+VPV4xXB

It aint fake, slb selling and buying company like crazy since last 5 years. Only dummy and slb lover dont want to believe this fact

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Post ID: @2qcd+VPV4xXB

That is the rumor. Just being profitable is not enough for SLB. You have to be extremely profitable so you can also afford to pay pointless dividends.

If you are only slightly profitable or break even after the dividend payout then they are going to sell your group off. We all think they are going to slice up Cameron at this point.

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Post ID: @2mtu+VPV4xXB

M-I to be absorbed by WSV.

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Post ID: @knb+VPV4xXB

Anybody got a link to fact check this?

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Post ID: @tyz+VPV4xXB

Major segment consolidation of course.

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Post ID: @nmu+VPV4xXB

Oh man I truly hope this is true

It’s really needed because our businesses have been run into the ground by incompetent Schlumbertron management

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Post ID: @zea+VPV4xXB

So do all the M-I and Sweco people.

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Post ID: @lqr+VPV4xXB

I hope they start wi M-I and Sweco.

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Post ID: @bxf+VPV4xXB

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