In these uncertain times, SLB does not look anymore like it's "Too Big 2 Fail" ! where's the next stop for stock price ? 36 us$ ? 30 us$ or will SLB turn into a penny stock like WFT ? "Management by fear" seems to have reached a dead-end. There's only so much that can be achieved without resources. Although, this has hardly to do with SLB alone: All of HAL, BHI, WFT, and SLB helped dig each other grave, and in turn, locked their own fate into misery. There's absolutely no way out of the lousy low-priced long-term contracts already in place. The clients think they got a good deal out of the service companies, but it's all lose-lose nowadays, as no money = poor service (you don't need to be a genius to figure that aspect of the equation). The next stop ? when service companies start going bankrupt, and start consolidating. Maybe by the end of next year 1st quarter, the first such announcements will start pouring in, and taking the market and the employees "by surprise".
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You boys act like you have never been through a downturn before. Ride it out and wave your hands in the air like you just don't care.
Still have 40 left to go, dont worry. They let u know soon