Bottom of the cycle? – Commodity Research Group

July 22, 2016 by Jim Colburn Leave a Comment

Schlumberger’s CEO:

““In the second quarter, market conditions worsened further in most parts of our global operations, but in spite of the continuing headwinds, we now appear to have reached the bottom of the cycle,” Chairman and Chief Executive Paal Kibsgaard said in prepared remarks.

Of course, is he making this claim on the basis of some special access to on the ground developments, or simply “talking his book”?

Here is the link: http://www.wsj.com/articles/schlumberger-posts-a-loss-as-job-cuts-deepen-1469136449

Commodity Research Group (CRG), founded by veteran analyst Edward Meir, is an independent research consultancy specializing in base and precious metals, as well energy products. The Group provides research and general price analysis for these markets, along with advice to companies seeking to construct commodity hedging strategies.

Our associates bring decades of experience to the table, as they seek to help our clients understand the markets. CRG will distill the myriad of pricing variables mentioned above into coherent research that is to-the-point and tailored to a clients hedging or pricing needs. In addition, CRG is available for consulting assignments and speaking engagements. CRG does not manage money or trade for itself.

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