SaxoTV

Earnings Season: Schlumberger among top drilling firms and here's why

330 views
October 15, 2015 brent, crude oil, drillers, drilling, drilling company, earnings, earnings expectations, earnings preview, earnings reports, earnings results, earnings season, energy market, energy sector, equities, equities saxo, equities trading, equity, equity market, equity markets, equity portfolio, equity research, equity strategy, equity trading, exploration, garnry, oil drilling, oil exploration, oil price, oil services sector, outlook, peter, peter garnry, peter garnry saxo bank, q3, quarterly, quarterly results, results, saxo, saxo bank, saxo bank equities, saxo bank group, saxo bank saxo tv, saxo bank trading, saxo bank trading floor, saxo bank tradingfloor.com, saxo bank tv, saxo capital markets, saxo traders, saxo trading, saxo tv, saxo tv saxo bank, saxo tv trades, saxo tv trading, saxo tv trading floor, saxo tv tradingfloor, saxo tv tradingfloor.com, saxobank, saxobank.com, saxotrader, saxotradergo, saxotv, schlumberger, seadrill, share price, shares, shares prices, stock, stock price, stocks, third quarter, third quarter earnings, trade, trade idea, trader, traders, trading, trading equities, trading floor saxo tv, tradingfloor, tradingfloor saxo bank, tradingfloor saxo tv, tradingfloor.com, tradingfloor.com insights, tradingfloor.com saxo tv, tradingfloorcom, us, wti
Schlumberger is due to report quarterly earnings after market close on Thursday. Saxo Bank’s Peter Garnry explains why the US oil services and drilling company is doing much better than its rivals and why Schlumberger stock is starting to look like an attractive investment.

Oil drilling companies have been hit hard by the slump in oil prices, but Schlumberger looks like it has managed to keep its margins stabile by cutting costs. Schlumberger also benefits from being a US company with a diversified portfolio of businesses, Garnry says.

Garnry outlines what to expect from the quarterly report as well as the outlook for Schlumberger and how that may impact the stock price going forward.