quote:
He used to be a directional driller, but took several promotions and got into management.

I'm not looking to be able to compete with him about knowing about his job. Just rather be knowledgable about where the industry/company is going.

If he was in drilling, that would be a good place to start. The SLB division that handles that is called "D&M" - Drilling and Measurements. Also since he has a background in directional drilling, ask him about SLB's advances in horizontal well drilling and logging (taking measurements). They apparently lead the industry in tractor technology which push logging tools in horizontal wells.

I heard BP was planning to drill some of the the world's longest horizontal wells in Alaska and various service companies would have been involved including SLB. But BP recently suspended the project due to technical risks and prohibitive costs. Could turn out to be an interesting conversation as BP's shelving of this massive project will certainly mean possible future revenue losses for SLB.

This post was edited on 9/12/12 at 7:37 am

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Posted by TheHiddenFlask

The Welsh red light district

Member since Jul 2008

18384 posts

Posted on 9/12/12 at 8:51 am to iPadThai

Thanks for all the help guys.

Here's a specific question: Why is SLB trading at 18x and HAL is trading at 10x? Are the forward earnings looking that good/bad? The reason I never got into oilfield service is that they always seem to trade at a very lofty P/E. Why is that the norm for the industry?

If you had to buy HAL or SLB, which would you pick?

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