• WTI is $42.54/barrel, heading towards $30’s/barrel with no signs of recovery.
• SLB stock price is $65/share. Analysts downgraded SLB stock unlike competitors; HAL and BHI.
• SLB’s probability of bankruptcy jumped up to 37% (https://www.macroaxis.com/invest/ratio/SLB--Probability-Of-Bankruptcy).
What’s the future for SLB?
If oil price dives into $30's, SLB's financial health will be seriously deteriorated.
They said titanic never sink 3ven God cant sink it..
There is always bankruptcy probability, but having it increased is alarming.
Time to jump the ship! Even captain P is jumping!
Do whatever you can to secure your spot. HR has been busy and the backstabbing has begun. Project funding is being cut and the bad news will be coming well into 2018. Is there going to be any stability in this industry?
Good, it serves them right. I hope Baker Hughes and Haliburton run them out of the business.