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NYSE:SLB
The highest quality company in the oil service business. They have the leading technology and are well positioned globally. Because of the massive investment in US fracing over the last 2-3 quarters, they have been having surprisingly good earnings results. In spite of that, he wouldn’t buy the stock because he still believes the world is awash in oil. There is not going to be a shortage of crude oil for some time.
He would be a buyer. Energy and fossil fuel prices are way down. There is less need for the insular services that this company provides. The area is cyclical. With lower prices, ultimately production shrinks to the point where prices come back and the cycle starts again. This company is considered the Cadillac of the oil services field.