Is SLB Stock a Buy Now?
It's not just exploration and production stocks that rallied on the back of the U.S. capture of former Venezuelan President Nicolas Maduro. Oil services providers got in on that act, too. Just look at SLB (NYSE: SLB). One of the global giants in the oil services arena, SLB tacked on 25% since the start of the year, implying the stock is a buy here and now.
Look a little closer, and investors will see a 3.30% drop for the five days ended Feb. 2. That's not a correction, let alone a bear market, but SLB's recent lethargy may signal patient investors can get better pricing over the near term.
SLB earned a Venezuela bump, but it has other long-term catalysts. Image source: Getty Images.
Source Fool.com
