Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Bloomberg Customers

Markets & Finance

CIBC World Recommends Buying Schlumberger

CIBC World reiterated its buy on Schlumberger(SLB).

Analyst Allen Brooks thinks the shares may tread water as its move into non-oilfield related technology areas pressures its stock price. He notes the company recently agreed to acquire Bull CP8, a subsidiary of Groupe Bull, for $325 million.

He says Bull CP8 is a leading provider of highly secured microprocessor-based cards (SmartCards) and notes that the Bull CP8 deal is being followed by a bid for Sema PLC, a troubled U.K information technology and business services company. Brooks says that in the large cap area, he prefers Baker Hughes (rated strong buy with $51 target).

blog comments powered by Disqus