$RDSA$BP.$BG.$TLW$PFC$WG.$SCL end of driving season and supply glut will drive oil prices down - negative for oil companies for the next 9 months untill the next driving season #bearish
Robert Sheridan 28 Apr 2015, 22:36
$RDSA$BP.$BG.$TLW$PFC$WG.$SCL Speculators increased net long positions in Brent futures and options by 8,351 contracts to 271,929 in the week to April 21, InterContinental Exchange (ICE) data showed, the highest level since records began in 2011.
"The long-to-short ratio has reached 6.4 and we’ve only seen an extreme situation like that three times since 2011. All three times we’ve seen quite a correction in the market." www.reuters.com/article/2...20150428
Blackstone Group LP’s Chairman Stephen Schwarzman is seeing “remarkable” opportunities in debt and equity that are emerging out of the slump in crude oil. www.bloomberg.com/news/ar...ping-oil
In the last 6 months Schwarzman several times indicated that it's a unique time to #buy oil and related companies. On LSE pay attention to $RDSA$BP.$BG.$TLW$PFC$WG.$SCL - most of them are on historically low levels.
Scott Dyas 27 Mar 2015, 12:02
$SCL$EDCL Schlumberger must satisfy a list of conditions, in part linked to sanctions, to gain approval for its $1.7 billion bid to buy Russia’s largest oil driller.
Russia’s commission on foreign investment will meet the U.S. oil-services company to go through the conditions in the next 10 days, Igor Artyemev, head of Russia’s anti-monopoly service, said Thursday in Moscow. www.bloomberg.com/news/ar...anctions
Scott Dyas 21 Feb 2015, 18:19
$SCL$EDCL Russia's Eurasia Drilling said on Friday it was delaying a deal to sell a stake in the company to oil services giant Schlumberger while it waited for approval from a Russian regulator.
$SCL$EDCL I wounder whether Russian authorities will approve the deal...
Scott Dyas 21 Jan 2015, 12:41
$SCL$EDCL Schlumberger to buy $1.7 bln stake in Russian oil driller
* U.S. group to buy 45.65 pct stake in Eurasia Drilling
* Offers $22 a share; Eurasia shares up 68 pct
* Has option to take full ownership
$SCL Schlumberger Cuts 9,000 Jobs... Schlumberger is decreasing its workforce by 7.1 percent and seeking to lower operating costs at a unit that helps producers find oil and natural gas, the Houston- and Paris-based company said in an earnings report Thursday. www.bloomberg.com/news/ar...ironment- this is a good move but oil price is still unclear so #neutral overall