NEW YORK, June 25, 2012 /PRNewswire/ -- Schlumberger Limited (NYSE: SLB: $62) has been picked by S&P Capital IQ as its Focus Stock of the Week. SLB carries S&P Capital IQ's highest investment recommendation of 5-STARS, or Strong Buy.
"We believe that Schlumberger will outperform its oilfield services peers given its strong position in the faster-growing Eastern Hemisphere, which we view as having the most attractive and lowest-cost drilling prospects for upstream customers, and thus likely to see a growing share of upstream capital expenditures, especially in exploration spending," said Stewart Glickman, equity analyst at S&P Capital IQ. "We also believe that upstream customers place an extremely high importance on reputation and reliability, and therefore are willing to pay a premium for improved performance and reduced downtime, particularly to the larger services players such as SLB which possess lengthy track records of performance."
To view a video of Mr. Glickman discussing SLB, click on Weblink to video
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