Schlumberger’s CEO:
“βIn 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,β 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: Β http://www.wsj.com/articles/schlumberger-posts-a-loss-as-job-cuts-deepen-1469136449
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