re: Schlumberger

Oil averaged $80 a barrel in 2010 (it averaged mid $90s from 2011-2014). Schlumberger debt is nearly triple now what it was then. They have $14 billion in debt whereas in 2010 they had less than $5 billion in debt. There has also been some stock dilution (about 200 million shares). More shares and way more debt equal a stock price that is pretty much in line with where it was the last time oil averaged $80 a barrel.