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SLB (formerly Schlumberger) is the largest oilfield services (drilling and fracking) company in the world. It does a lot of work in the Marcellus/Utica. SLB announced yesterday a deal to buy a smaller rival, ChampionX, in an all-stock deal valued at $7.75 billion. ChampionX specializes in chemistry solutions (fracking fluids), artificial lift systems, and equipment
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Our top picks in the energy sector are Schlumberger, TC Energy, and APA.
Dumont & Blake Investment Advisors LLC cut its holdings in Schlumberger Limited (NYSE:SLB – Free Report) by 4.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,360 shares of the oil and gas company’s stock after selling […]
SLB is upping its investment in an idea that Occidental Petroleum has already been working on for over a decade now.
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