01-15-2015, 08:01 PM
(This post was last modified: 01-15-2015, 11:23 PM by hendi_alex.)
I added SLB to my daughter's account today. Also added ESV whose dividend will likely be cut or eliminated, but they pay out lots of cash when earnings are strong. These are two plays in the brutalized oil service sector and IMO are the two best positioned and/or strongest of the group. As with everything oil, the lows are probabably a good bit further down.
Edited: I also see where the announced cutting 9,000 jobs or 8% if their work force, because of the expected slow down in the E&P space. So while this quarter looks good, harsh numbers are on the way in coming quarters, numbers that will probably provide a much better entry in the future.
Edited: I also see where the announced cutting 9,000 jobs or 8% if their work force, because of the expected slow down in the E&P space. So while this quarter looks good, harsh numbers are on the way in coming quarters, numbers that will probably provide a much better entry in the future.
Alex