Schlumberger Limited. (SLB): What It’s Saying About the Energy Industry

The big picture
Finally, Kibsgaard made one very important comment on the overall macroeconomic picture that I’d like to point out. He said that “where we so far this year have seen mixed data from the main economies, including China, the U.S. and euro zone, still the overall outlook for 2013 remains largely unchanged from the update we gave in January, both in terms of GDP growth as well as the fundamentals for the global oil and gas markets.”

That last quote, I think, is the most important one he made for the industry as a whole this year. Basically, despite what you hear in the media or in the day-to-day noise of the stock market, Schlumberger Limited. (NYSE:SLB)’s outlook remains unchanged. A lot of times we can get caught up in the movement of the market and forget that true value isn’t created today, but over years of investing. According to what Schlumberger Limited. (NYSE:SLB) is seeing, there’s no reason to worry as the global picture remains largely positive.

Foolish bottom line
The key takeaway is to stay invested for the long haul, and where you invest your dollars is very important. The global economy continues to recover slowly and as it does the international energy markets remain an important place for your investment dollars. So while the oil-field service market remains sluggish in North America, some of that is due to drilling efficiencies as exploration and production companies are focusing on profitable drilling instead of growth at all costs.

The article What Schlumberger Is Saying About the Energy Industry originally appeared on Fool.com.

Motley Fool contributor Matt DiLallo owns shares of ConocoPhillips. The Motley Fool has no position in any of the stocks mentioned.

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