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Shares of Schlumberger Rank the Highest in Terms of Level of Cash in the Oil & Gas Equipment & Services Industry (SLB, BHI, HAL, NOV, WFT)

By Amy Schwartz

Below are the three companies in the Oil & Gas Equipment & Services industry with the highest cash equivalents (CE). Analysts use CE as a measure to compare the cash cushion of companies in the same industry.

Schlumberger ranks highest with a CE of $9,000. Following is Baker Hughes with a CE of $5,000. Halliburton ranks third highest with a CE of $4,000.

National Oilwell Varco follows with a CE of $1,000, and Weatherford International rounds out the top five with a CE of $1,000.

SmarTrend recommended that its subscribers protect gains by selling shares of Halliburton on February 24th, 2017 by issuing a Downtrend alert when the shares were trading at $52.67. Since that call, shares of Halliburton have fallen 10.7%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: highest level of cash Schlumberger Baker Hughes Halliburton national oilwell varco weatherford international

Ticker(s): SLB BHI HAL NOV WFT