SLB: World’s premier oil services play

“The global supply picture is extremely bullish for crude oil,” says energy expert Elliott Gue, who is playing this trend through oil services, equipment, and exploration firms including Schlumberger (NYSE: SLB), which he calls the “world’s premier oil services play.”

The advisor notes that one of the longest-standing themes of his investment newsletter has been the end of “easy oil.” He says, “Nw production will increasingly come from harder-to-produce reserves such as deepwater fields. New technologies also allow producers to maximize their production from mature fields.”

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