After releasing revenue growth that slightly beat expectations, Schlumberger described what it expects from the oil and gas market over the next 52 weeks. Most of the prospects reside outside of the United States, except the Gulf of Mexico. Because Schlumberger is involved with most of the larger companies in the energy industry, its projections carry some weight. Click on the video below for Motley Fool energy analyst Taylor Muckerman's take on what can be expected during this year.
Domestic oil and gas service companies have taken a hit in the recent past due to a slowdown in the natural gas drilling boom of the last couple of years. As this market looks to rebound, investors would be wise to consider Halliburton, one of the top companies in the business and one of those most in tune with the domestic market. To access The Motley Fool's new premium research report on this industry stalwart, simply click here now and learn everything you need to know about how Halliburton is positioning itself both at home and abroad.
The article Schlumberger's Crystal Ball for 2013 originally appeared on Fool.com.
Taylor Muckerman has no position in any stocks mentioned. The Motley Fool recommends Halliburton. The Motley Fool owns shares of Halliburton. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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