Schlumberger Stock: The Best Is Yet To Come (NYSE:SLB)

News Snapshot:

ClaudioVentrella Investment thesis Schlumberger's (NYSE:SLB) share price has underperformed the broader market, losing 24% since Q3 2023, despite posting strong results throughout 2023 and despite management's expectation of continued strong EBITDA growth in 2024 and 2025. The stock is currently trading at a valuation multiple (EV/EBITDA) not seen since the end of the prior cycle, implying we are close to the end of the industry investment cycle and correspondingly approaching peak profitability for SLB. Saudi Arabia's decision to stop plans to expand its oil capacity supported that notion, leading to further share price declines in the energy services industry in...