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Fly News Breaks for May 23, 2016
SLB
May 23, 2016 | 08:08 EDT
Goldman analyst Waqar Syed added Schlumberger to the Conviction Buy List saying the company is best positioned for the "New Oil Order" due to its exposure to incremental sources of oil supply including Mideast OPEC, Shales, and Russia, its leading technology and integrated product offerings, offshore project cost deflation and brownfield development, balance sheet flexibility, and historical outperformance when oil prices rise. Syed has a Buy rating and $94 price target on Schlumberger shares.
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