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I am assigning Schlumberger (NYSE:SLB) a positive risk/reward rating based on the early stage of a new growth cycle, an exceptional multi-year earnings growth trajectory, the company’s global leadership position, and an unusually asymmetric potential return profile. Risk/Reward Rating: Positive Schlumberger reported its second consecutive quarter of year-over-year revenue growth on October 22, 2021. The Q3 2021 financial report marked an inflection point in the 6-year bear market for the energy services sector and signaled the beginning of a new growth cycle. Given the early stage of the nascent energy services growth cycle, Schlumberger represents an intriguing cyclical growth opportunity as the global leader in the space.
