Over the past couple of months companies in the oil services sector (OIH) have had a noticeable price decline. Schlumberger N.V.’s (SLB) share price has declined just under 10% from its highs around Halloween. There are some of the reasons for this seasonal disruption but the overall trend still remains bullish. Is this an excellent time to pick up shares in Schlumberger? I believe it is.
Why the Buying Opportunity?
Currently there are a some factors putting pressure on the