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SLB/N trade ideas

SLB 5M Daytrade Long Aggressive CounterTrend tradeAggressive CounterTrend trade - short impulse + support level - unvolumed T1 level + volumed 2Sp- - weak test closed below T1 + first bullish bar closed entry - target beyond 5M / 1H range Calculated affordable stop limit 1 to 2 R/R take profit expandable to swing / investment trade 1 Hour CounterTrend "- short balance + expanding ICE + support level + biggest volume manipulation" 1 Day Trend "+ long impulse + SOS test level + support level + 1/2 correction" 1 Month Trend "+ long balance + expanding ICE level + support level + 1/2 correction + volumed manipulation" Sell SLB Limit 44.54, GTC Sell SLB Stop 42.29 LMT 43.06, GTC
NYSE:SLBLong
by MishaSuvorov
WW3 incoming? SLB - Geopolitical Hedge As the issues in the Middle East continue to deteriorate, it is prudent to look at opportunities in the market in the event of further escalation and rising oil prices. Technical Analysis Inverse Head and Shoulders pattern which suggests a possible upside of $200 in the event that oil reaches over $125 per barrel. We appear to have finished Wave 5 of the corrective cycle, coinciding with the Wave C of the ABC Elliot Wave Pattern. The downside target of $38 was met and it is where I went long. Stop loss placed at $38 (break even), which is also below the neckline of the inverse head and shoulders pattern. I would like to see a break above $44 for further continuation of this local uptrend. Current Political Climate and Possible tailwinds for SLB 1. Oil Price Sensitivity: SLB (Schlumberger) is one of the world’s largest oilfield services companies, deeply tied to the oil and gas industry. A geopolitical issue in the Middle East, a critical region for global oil production, can lead to disruptions in oil supply, resulting in higher oil prices. Historically, rising oil prices boost demand for oilfield services as companies ramp up production to capitalize on the higher price environment. SLB, providing essential services such as drilling, reservoir characterization, and production, stands to benefit from increased exploration and production activity. 2. Increased Capital Expenditures: With rising oil prices, oil companies typically increase capital expenditures to explore and extract more oil. SLB, as a leading provider of technology and services for the energy industry, would see increased demand for its offerings, from drilling equipment to digital solutions. This translates into stronger revenue growth, better profit margins, and, ultimately, a rise in SLB's stock price as the company capitalizes on the oil price boom. 3. Geopolitical Hedge: SLB’s global footprint provides a hedge against localized geopolitical risks. While tensions in the Middle East might disrupt oil supplies from the region, SLB’s operations span across multiple continents, allowing it to continue benefiting from oil price increases while also maintaining business continuity in regions unaffected by the geopolitical tensions. They continue to operate in Russia, despite their competitors withdrawing from the region. Key Fundamentals of SLB 1. Industry Leadership and Market Position: SLB is a dominant player in the oilfield services sector, with a strong global presence. Its diverse portfolio of services, including digital, drilling, and production systems, gives it a competitive edge in helping energy companies optimize their operations. 2. Strong Balance Sheet: SLB has maintained a solid financial position, with a focus on managing its debt and generating cash flow. The company’s cash flow strength supports its ability to invest in innovation, shareholder returns, and potential future expansion, further solidifying its position in the market. 3. Dividend and Shareholder Returns: SLB has a history of returning capital to shareholders through dividends. As a key player in the energy services sector, it maintains a healthy dividend yield, which is attractive to investors looking for income alongside capital appreciation. Not financial advice, simply sharing why I went long on SLB.
NYSE:SLBLong
by NoFOMO_
2
SLB 5M DayTrade Long Aggressive CounterTrend tradeAggressive CounterTrend trade - short impulse - unvolumed T1 level + volumed Sp? + support level + weak test + first bullish bar closed entry Calculated affordable stop limit 1 to 2 R/R take profit Hourly context "- short impulse + volumed T1 level + support level + 1/2 correction" Daily context "+ long impulse + above JOC SOS level? + support level + 1/2 correction" Monthly context "+ long balance + expanding ICE level + support level + 1/2 correction + volumed Sp" SLB @NYSE Sell Limit 48.70, GTC Sell Stop 47.68 LMT 48.03, GTC
NYSE:SLBLong
by MishaSuvorov
Schlumberger Could Be OverboughtSchlumberger has bounced along with other energy stocks recently, but some traders may see a downtrend taking shape. The first pattern on today’s chart is the $47 level. It was near the lows in February and early May. SLB is now potentially stalling at the same point. Has old support become new resistance? Second, the 50-day simple moving average (SMA) has fallen into the same price zone. That may reflect a bearish intermediate-term trend. Third, the 50-day SMA had a “death cross” below the 200-day SMA in early January and has remained there since. That may reflect a bearish long-term trend. Finally, stochastics have hit an overbought condition. TradeStation has, for decades, advanced the trading industry, providing access to stocks, options and futures. See our Overview for more. Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options or futures); therefore, you should not invest or risk money that you cannot afford to lose. Online trading is not suitable for all investors. View the document titled Characteristics and Risks of Standardized Options at www.TradeStation.com . Before trading any asset class, customers must read the relevant risk disclosure statements on www.TradeStation.com . System access and trade placement and execution may be delayed or fail due to market volatility and volume, quote delays, system and software errors, Internet traffic, outages and other factors. Securities and futures trading is offered to self-directed customers by TradeStation Securities, Inc., a broker-dealer registered with the Securities and Exchange Commission and a futures commission merchant licensed with the Commodity Futures Trading Commission). TradeStation Securities is a member of the Financial Industry Regulatory Authority, the National Futures Association, and a number of exchanges. TradeStation Securities, Inc. and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., both operating, and providing products and services, under the TradeStation brand and trademark. When applying for, or purchasing, accounts, subscriptions, products and services, it is important that you know which company you will be dealing with. Visit www.TradeStation.com for further important information explaining what this means.
NYSE:SLB
by TradeStation
SLB - neutral formation but oversoldhi traders Analyzing the chart of Schlumberger Limited (ticker symbol: SLB), we can identify the formation of a symmetrical triangle pattern, indicating a potential breakout in the near future. Schlumberger Limited (SLB) is worth investing in due to its position as a leading player in the oilfield services sector, which is experiencing a rebound as global energy demand rises nowdays. Additionally, its commitment to sustainability and digital transformation enhances its long-term growth prospects. Additionally, SLB noteworthy that the Relative Strength Index (RSI) is currently under 30, sitting at 22.37. When RSI falls below 30, it typically indicates that the stock is oversold, suggesting that it may be undervalued or trading at a discount relative to its intrinsic value. This oversold condition, combined with the potential breakout from the symmetrical triangle pattern, adds further conviction to a potential long position. As symmetrical triangles typically suggest a period of consolidation before a significant price movement, entering a long position appears favorable at this stage. The entry point could be considered once the breakout from the upper trendline of the triangle pattern is confirmed. This trading idea is based on the symmetrical triangle pattern and supported by the oversold condition indicated by the RSI. However, as we can see the price broke down already, but we're not getting any follow-through yet. It may be fake out so before you enter short, wait for some follow-through. If you want to long, it's reasonable to wait for a price to reclaim the support and next wait for a break out to the upside. 2 possible scenarios are shown on the chart Good luck
NYSE:SLB
by vf_investment
1
SLB Set To Acquire ChampionX, Return $7 Bln To ShareholdersNYSE:SLB , formerly known as Schlumberger, has announced plans to acquire ChampionX ( NASDAQ:CHX ), a leading provider of chemistry solutions and drilling technology. The acquisition, coupled with a substantial $7 billion shareholder return plan, signals SLB's commitment to driving growth and delivering value to its investors in the years to come. The all-stock transaction, unanimously approved by ChampionX's board of directors, will see ChampionX shareholders receiving 0.735 shares of NYSE:SLB common stock for each NASDAQ:CHX share they own. Upon completion of the deal, ChampionX shareholders will own approximately 9% of SLB's outstanding common stock, underscoring the scale and significance of the acquisition. Houston-based SLB anticipates significant synergies from the merger, with annual pretax benefits of approximately $400 million expected in the first three years post-closing. These benefits will be derived from a combination of revenue growth and cost savings, further enhancing SLB's competitive position in the market. The transaction is subject to regulatory approval and the green light from ChampionX shareholders, with NYSE:SLB aiming to finalize the deal before the end of 2024. Additionally, SLB has announced plans to return $7 billion to shareholders over the next two years, reaffirming its commitment to maximizing shareholder value and enhancing returns. Goldman Sachs has expressed confidence in SLB's prospects, adding the stock to its Conviction List and maintaining a buy rating. This move reflects the firm's bullish outlook on SLB's growth trajectory and strategic initiatives. The acquisition of ChampionX follows SLB's recent agreement to purchase a majority stake in Aker Carbon Capture, further expanding its portfolio and strengthening its position in the energy sector. With ACC set to own 20% of the combined entity, SLB's acquisition strategy is aimed at bolstering its capabilities and diversifying its offerings to meet the evolving needs of the industry. On the stock front, NYSE:SLB saw a slight easing of 1% following the announcement, while ChampionX shares surged by 10.4%. Both companies have been consolidating since early 2023, with SLB's stock showing a promising trajectory towards a potential breakout point. With West Texas Intermediate oil prices trading above $85 for the first time since October, the industry outlook appears favorable, providing a tailwind for SLB's growth prospects. As NYSE:SLB embarks on this transformative journey, the acquisition of ChampionX and the robust shareholder return plan underscore the company's vision and commitment to driving sustainable value creation. With a solid foundation and a strategic focus on innovation and efficiency, SLB is well-positioned to capitalize on emerging opportunities and deliver long-term value for its shareholders.
NYSE:SLBLong
by DEXWireNews
Schlumberger's Stellar Performance in 2023: Key Highlights Schlumberger Limited (NYSE: NYSE:SLB ), a world-renowned oilfield services provider, has concluded a remarkable year, surpassing analysts' estimates for quarterly profit and showcasing robust growth in its international business. Despite geopolitical uncertainties and regional tensions, NYSE:SLB 's CEO, Olivier Le Peuch, remains optimistic about the company's future prospects. Let's delve into the key highlights of SLB's impressive fourth-quarter and full-year performance. Global Expansion and International Growth: Schlumberger's success in recent years can be attributed to the rising demand for its oilfield services and equipment, particularly in international markets. The company has experienced substantial growth in regions such as the Middle East, Angola, and Central and East Africa, driven by increased oil exploration and production activities. In the face of geopolitical challenges, including the conflict in Gaza and attacks on ships in the Red Sea, NYSE:SLB has demonstrated resilience. The company reassures investors that it does not anticipate a significant impact on its Middle East business, emphasizing its commitment to sustained growth in the region. Record Investment Levels and Geographic Opportunities: NYSE:SLB anticipates record investment levels in the Middle East extending beyond 2025, underlining the company's strategic focus on this vital market. Additionally, opportunities for continued offshore activity are identified in key regions such as Brazil, West Africa, the Eastern Mediterranean, the Middle East, and Southeast Asia. Le Peuch's optimistic outlook positions Schlumberger as a global leader with a proactive approach to capitalizing on emerging opportunities. Financial Highlights: Schlumberger reported robust financials for the fourth quarter and the full year of 2023. Quarterly revenue increased by 8% sequentially and 14% year on year, reaching $8.99 billion. Full-year revenue showed a remarkable 18% year-on-year growth, totaling $33.14 billion. Notably, the acquisition of a subsea equipment business contributed significantly to the quarter's sequential revenue gain. The company's CEO highlighted the impressive growth in earnings per share (EPS), excluding charges and credits, which increased by 10% sequentially and 21% year on year, reaching $0.86 in the fourth quarter. Adjusted EBITDA margins also achieved another cycle high, showcasing the company's operational efficiency. Strategic Moves and Shareholder Returns: In a move that demonstrates confidence in its financial position, Schlumberger announced a 10% increase in its quarterly cash dividend, now standing at $0.275 per share. The company also plans to boost share repurchases in 2024, signaling its commitment to delivering value to shareholders. Conclusion: Schlumberger's exceptional performance in 2023 solidifies its position as a resilient and forward-thinking player in the oilfield services sector. Despite challenges in the global landscape, the company's strategic initiatives, robust financial results, and optimistic outlook on key markets position it for continued success in the years to come.
NYSE:SLBLong
by DEXWireNews
2
Stocks pairs trading: VLO vs SLBIn the energy sector, a comparative analysis of financial metrics and market dynamics between Valero Energy Corporation (VLO) and Schlumberger Limited (SLB) reveals distinct investment perspectives. Examining their financial performance and market standings suggests a strategic approach to investing in these stocks. Reasons to Consider VLO Over SLB: Earnings Per Share (EPS): VLO's EPS of $29.33 is notably higher than SLB's $2.88. This indicates that VLO is currently more profitable and efficient in its operations compared to SLB. Forward P/E Ratio: VLO's forward P/E ratio is 8.98, which is lower than SLB's 14.48. A lower forward P/E ratio may suggest that the stock is potentially undervalued relative to its future earnings potential. Dividend Yield: VLO offers a dividend yield of 3.17%, compared to SLB's 1.84%. For income-focused investors, VLO's higher dividend yield is more attractive. Year-to-Date Performance: VLO’s performance (1.35% YTD) is relatively stable compared to SLB's (-2.38% YTD), suggesting a more consistent investment opportunity, especially considering VLO's higher EPS and dividend yield. Decision: Buy 1 VLO: Given its higher profitability, attractive dividend yield, lower forward P/E ratio, and stable year-to-date performance, VLO presents a compelling investment choice, especially for those seeking both growth and income. Sell 3 SLB: While SLB shows strengths in profit margin and a respectable forward P/E ratio, its lower EPS, dividend yield, and slightly negative year-to-date performance suggest it may not offer the same level of overall value or potential as VLO in the current market context.
NYSE:SLB
by joyny