Schlumberger: Coil, Sprung
January 20, 2017 at 15:18 PM EST
Shares of Schlumberger ( SLB ) have slipped today, despite meeting earnings forecasts and pointing to faster growth ahead . Maybe it's because Schlumberger has gained 42% during the past 12 months, and flat just isn't good enough. But Evercore ISI's James West and team believe investors are missing the point, as they not that the "international coil [is] set to spring." They explain: