probability of Schlumberger filling for bankruptcy is increasing rapidly
PK is still the CEO thus increasing chanced of default.
What will happen when SLB files for bankruptcy?
Will employees lose their deferred benefits?
Will employees lose their pensions?
Will employees get any severance pay at all?
VERY SOON YOU WILL GET OFFER SLBSQ
If they can hold on till then
Significant cost reduction within next 5 to 10 years is imminent.
Untill shale dries out!
Not going to happen.
Never know, it all about bussiness. If they dont make profit they not gonna keep it. The more u love slb the more pain u get if they ever file bk.
I have spare time, Saturday after working hour.
You work for slb 24/7?
Slb is still profitable a bit, thanks to historical contracts, those contracts by nature havent been renewed for years now.
Oil extraction methodology isnt same and slb still thinking old way sadly.
Remember too big to fail ? Those were banks which financing slb too!
Investment banks,hedge fund, financial institutions are running this company and they have been very unhappy with their ROI and Slb is been under pressure for its M&A and since the time GE wanted acquire some segments wihin slb by leveraging thru investors.
Most of slb investors want to take their mony to different sectors or if in energy to different companies. Slb running cost is extremely high and not pretty on papper to investors.
Historically slb share dividend rate is been very attractive but slb is been struggling pay this rate since few years ago and want to reduce it, consequences are traders and brokers will dump shares, investor move their funds and share price will free fall. That will affects everything for employees and slb.
You should know what you have signed for.
Is that all you got?
Your a dipshit - Clearly it's you that is the clueless one.
SLB's profitability
Pretax Margin -6.85
Net Margin -6.07
Return on Assets -2.31
Return on Equity -4.40
Return on Total Capital -2.93
Return on Invested Capital -3.14
You still think that SLB is making money? It has been bleeding for a while.
Take a good look at NET INCOME, alright?!
Schlumberger is one of few oil industry companies that is still profitable.
Someone obviously has spare time to waste...
Clueless post
It could be. Enroll was an example. Stock up high for a month then file bk in next month.