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Schlumberger, Halliburton and RPC agree: Better times ahead
The 4Q18 earnings season is underway, and the opening results were a downer. Schlumberger(PG.1) and Halliburton(PG.9) reported results that were down sharply from 3Q18 and flat YOY. Both giants also expect a choppy 2019 in North America with Schlumberger noting the outlook has declined the past three months. Yet neither is expecting a crude apocalypse, and both continue to see growth before 2020 and beyond. One source of optimism for both is the historic......
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