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re: I heard layoffs happened at Schlumberger today
Posted on 1/13/15 at 6:52 pm to saintforlife1
Posted on 1/13/15 at 6:52 pm to saintforlife1
Cramer was saying Schlumberger is the best in the industry, but also said they were in trouble.
Oil is under $50.
2008 was derivatives of house mortgage paper.
Lehman brothers made bets over $650 BILLION when they had under $70 billion and they were ALL IN. When the market moved down they could not meet the call.
Schlumberger is just cutting operating expenses.
Oil is under $50.
2008 was derivatives of house mortgage paper.
Lehman brothers made bets over $650 BILLION when they had under $70 billion and they were ALL IN. When the market moved down they could not meet the call.
Schlumberger is just cutting operating expenses.
1
Posted on 1/13/15 at 7:08 pm to sassyLSU
quote:
Cramer was saying Schlumberger is the best in the industry, but also said they were in trouble.
Oil is under $50.
2008 was derivatives of house mortgage paper.
Lehman brothers made bets over $650 BILLION when they had under $70 billion and they were ALL IN. When the market moved down they could not meet the call.
Schlumberger is just cutting operating expenses.
Did he have a take on other services companies such as Halliburton, Weatherford etc.? Did he say when he thinks oil prices will rebound?
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