◆ NeutralSLB
Oil Price Crash: 1 Top Oil Stock to Buy Now
The Motley Fool·
Oil prices have crashed to around $71 per barrel following prospects of a U.S.-Iran peace deal, down from $138 in late February. Despite the decline, SLB (oilfield services provider) is recommended as a buying opportunity, having fallen 23% from recent highs. Management expects commodity prices to remain elevated due to supply-demand imbalances and projects strong future revenue from a $100+ billion FID pipeline in deepwater developments.
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