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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John Reeves and David Meier have no positions in the stocks mentioned above. The Motley Fool owns shares of Dawson Geophysical and Halliburton. Motley Fool newsletter services recommend Dawson Geophysical, Halliburton, and Schlumberger. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.