Jim Cramer Reveals One Part of Schlumberger's Results That 'Freaked People Out'
Schlumberger shares are down 25% since the start of the year.
TheStreet's founder and Action Alerts PLUS Portfolio Manager Jim Cramer said investors were "freaked" out over Schlumberger's (SLB) - Get Report expectations of a scale back in North America drilling.
The reason? Not enough equity financing anymore for North American drilling.
Schlumberger is a holding of Action Alerts PLUS.
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