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Energy Services Leader Bull Flag with Call Buyers Hot Today

Energy Services Leader Bull Flag with Call Buyers Hot Today

by | Jun 7, 2022 | Chart SetUps

SLB bull flag looks ready to make another run with size Aug. 52.5 calls bought and 55/65 call spreads. SLB is coming off of a strong quarter and they see 2022 setting up well given the steady demand recovery, tight supply market, and higher spot prices for oil which should continue to drive outperformance of FCF. The company continues to invest in a massive digital push with aim to accelerate returns, increasing productivity and lower costs. SLB also sees further digitization as a critical part of their decarbonization push as they expand into big areas like carbon capture and electrification of infrastructure.