I urge all to read SLB report. SLB international diversification says it all and it shows the major strategic advantage of the profitable TID. TID will be acquired sooner or later as its exposure in SA and Africa is a remedy for all the drillers who are focused on the Canadian and US-BASED operations which experience significant declines every quarter.
TCW.TO (Trican) had losses in Q2 2012 and CFW.TO (Calfrac), TOT.TO (Total) etc. also incurred significant declines at the top and bottom line.
I quote from SLB and BAS reports ...please read carefully....
"Schlumberger's results speak to its leadership position. Revenue rose about 2% from the second quarter, with North American revenue down about 2% and international revenue up nearly 3%. That North American performance....."
"On the international side, profits were up about 7%, margins expanded and the company is widening its margin lead over Halliburton and Baker Hughes. "
"Schlumberger is unusual in the extent to which it has built a revenue base outside of North America - about two-thirds of the company's revenue comes from overseas. That diversification is helping the company avoid some of the downside to the weakness in North American pressure pumping - an over-supplied market that is hitting companies like Baker Hughes and Basic Energy pretty hard."
https://www.investopedia.com/stock-analysis/2012/schlumbergers-the-reliable-name-in-an-unreliable-sector-slb-hal-bhi-bas1022.aspx?partner=YahooSA#axzz2Alof4ZiJ
and now check the significant declines in BAS Q3 report as BAS focuses in North America so much...the pps dropped another 7% yesterday....