The following video is part of our "Motley Fool Conversations" series, in which analyst John Reeves and advisor David Meier discuss topics relating to their 10-Bagger portfolio.
Schlumberger reported strong second-quarter results, and the stock looks attractive. Along with Baker Hughes, the oil-field services leader saw strong demand and revenue increased 16%. There’s been plenty of worry about fracking, which has had an impact on the industry, including Halliburton and C&J Energy Services. So Schlumberger's results may give the industry a lift. The company continues to invest in seismic technologies for its WesternGeco business, which competes with companies like Dawson Geophysical.
John and David are interested in Schlumberger for their 10-Bagger portfolio. It’s a great technology company and trades at a good price. They intend to take a closer look at the entire industry. There appear to be lots of opportunities.
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