i'm just a little confused about schlumberger. the contract between them and the venezuelan company. >> right. that was an oddity. yeah, karen is on to something because schlumberger pulled out of venezuela, but there they were doing business again. i bet you they got the cash up front frankly. schlumberger is a core holding for actionalertsplus.com, and we were itching to pull the trigger and buy a little more. just need it to come down. don't want to ruin our basis. that's what i don't like to do. but schlumberger, karen, i think it. oh, can i take a commercial break? all right. so anyway, we've almost made it to october. boo! don't let fearmongering scare you away from buying cheap stocks of great companies. on "mad money" tonight, brad and angelina may have shocked the world with their breakup, but if hp inc. is any indication, sometimes splitting up is best. i'll tell you why the company could start printing profits. seem to have been ugly, at least to this market, but is their beauty beneath the surface? i'm investigating. a

schlumberger. look at the chart. that made an all-time high in the middle of 2014.s had a remarkable year this year. but i think on valuation and the environment we're in, schlumberger is way too rich. >> i agree. i think we trade the range. oh 40/50 is the range. yesterday we saw a lot of short covering. we talked about it. hes, one of the biggest names in the space was covered. you know, today we saw it come back a little bit, give back a little more. i think that stock is going to go a lot lower. >> where do you go on oil, pete? >> one thing we have seen and dan has been watching the same stuff i'm watching. we looked at implied volatilities all of the time and the 11 to 13 range and when we get higher, 15, 18, sellers come in. what happened in the last couple days when we were a little bit higher? they came in and started selling. whenever they can get any kind of volatility, they sell it. it's still high in certain areas. yes, the xle is a little bit pulled back now but seems to me there are sellers just trying to collect premium. so i don't know necessarily th

schlumberger will have competition.ture still this most -- schlumberger can't abandon this. they are working out an agreement that schlumberger will be involved in crude, quite an innovative arrangement for an oil industry. still under discussion. >> anatoly, a few days ago the crude oil market was briefly lifted by more comments out of venezuela oil minister suggesting there might be an out put deal and as soon as they get to be public there's a lot of skepticism and they are just trying to jaw bone the price. is the government's main hope is to have oil prices go up and give them a little bit of a reprieve? >> reporter: mike, it's their only hope but no plan b whatsoever. the country gets 96% of its dollar revenues from oil and venezuela was a founding member of opec. it used to wield major influence in the group. today venezuela has very little, you know, influence inside opec so whatever they say should be taken slightly. >> thank you for joining us. >>> thank you, kelly. >> most luxury high rises are making headlin

baker hughes, halliburton, schlumberger. look how they act, poor to the sector overall.t's where the future is, where people make 18-month decisions or two-year decisions. drilling wells. that's another tell. so here is the xle. this is the thing you can trade. i think it's starting to go -- break the line. i'm going to make the bet we're going lower, lower, lower. i want to sell energy and i want to do xle as the vehicle. >> all right. so chart master says three lowers. >> yeah. >> and the volatility really -- you saw it today. there was that one headline that jackie was talking about. we saw that intraday turn in wti and the intraday turn in energy stocks. it's almost like getting headlines from fed members. >> yeah, well -- the energy stocks really have more actually to headwinds really than just the supply/demand imbalance. take a look at exxon, the biggest constituency stock of xle and attorney generals, and had them going after the value of their reserves and then the s.e.c. jumping in. and the fact they have massive negative cash flow trying to support a dividend

you have a contract with schlumberger as well.er -- is it tough to sell that technology? joel: it is easier for us because our product plays on efficiency and we drive down the cost per barrel to frack as well . you can argue that in a bearish market that our value proposition is even more compelling and hence the success we have been able to enjoy. scarlet: this licensing deal with chambre j gives exclusive use of this technology? does come over the next 15 years in on short global manufacturing fracking operations. matt: your stock has been incredibly successful. you are up 60% year to date over the last year, 410%. you have done better than anyone isected as far as ups concerned. can this continue? joel: we like to think our performance is sustainable. matt: you are only trading at 17 times, it is not like you are massively overvalued. joel: i would say that the market has yet to value our economy, but we are appreciative of where we are right now. our messages simple, we are only getting started. we have disrupted technology i

schlumberger, however, some of the oil services companies, we are also seeing declines they are, and this being friday, we have the count.oil rig we has been seeing it rise, or at least be unchanged, for 12 straight weeks, so this uptick that you see in the past couple of months -- again, 12 straight weeks of either a zero reading or a build. finally, gasoline as well bears mentioning. , uphowever, is going higher 2%, and that's after a leak in an alabama pipeline that shut that pipeline. that's really the main when that brings gasoline from gulf coast refineries to the southern united states, so with that supply constraint, that is what is driving gasoline prices higher. david: thank you very much. mark crumpton has a check of the news at this hour. mark: after years of questioning president obama us citizenship, republican presidential nominee donald trump today reverse course -- after years of questioning president obama's citizenship. mr. trump: hillary clinton and her campaign of 2008 started the birther controversy. i finished it. i finished it. you know what i mean. was born b

it's exxon, schlumberger and really range-bound here. that exxon has been wagon the sector the last few weeks. but you know, listen, i've got to tell you, i'm not really sure what dennis said over there. as far as i'm concerned, i've heard mr. trump say, we're going to bring back those fracking jobs and we're going to bring back those coal jobs. it's a bunch of nonsense. i don't know what he's going to do for the energy complex. >> the move in crude today, the opposite of the move on friday. that's what's going on here. i was actually mildly encouraged by opec today. the ceo says the demand is steady. it will continue to happen until the second half of the year. >> look at names like hes, h-e-s, highly shorted names. anything that had a short interest was covered today. and names that didn't, the darling longs, if you will, like an f-a-n-g was underperforming. so i think people are concerned about this meeting and the potentials it may have. they don't want to be caught short in case something comes out, although it's highly unlikely tha

halliburton and schlumberger benefit benefited. is this rally in oil going to continue and what is the best way to play it? i guess when we say is it going to it continue, contingent on that, do you believe they have reached a deal, because this is going to be implemented in november? >> i think what you can be sure of is that the sentiment between saudi and iran has improved. iran is better off than they were. they may be in a position of strength. saudi is given some ground. informal talks. nothing expected here. i think there is a lot of momentum into november and i think we knew that even before today. so i think things are better. remember, november last year was the disaster essentially that put the final into the bottom of oil. so i actually think you can believe that things are better. and i think actually whether you get a deal or not in november, saudi at 65 bucks a barrel, not happy. >> the key here, remember, saudi arabia last may replaced their oil minister, the old oil minister's plan was let's get market share, let's

not good for these big energy companies -- exxon, schlumberger, chevron.one, they are down across the board. julie: another thing that has been a factor in his most recent selloff is that stocks and bonds are selling off at the same time. a little unusual historically. oliver: right. today we came in, bonds were kind of flat, stocks were not doing so hot. honestly, that was not the story on friday. here is what is happening in the last couple of hours. the u.s. 10-year treasury spiked up in yields. not doing too well. you have got to go back to brexit to see move like this. has he really accelerated the stock moves. things have been generally pretty flat the past hour. this is something to watch. that has been a big part of the market, the correlation between stocks and bonds. they have been going up together and guess what, might be going down together as well. julie: we will talk more about fixed income in a minute. thank you so much, oliver renick. let's get to "first word" news. mark crumpton is in the newsroom. mark: the cease-fire in syria's civil wa

halliburton schlumberger just one of them. susie: companies are being thoughtful about it.e it to 10 years ago, i think the regulatory conversation in a deal dialogue happens earlier, and people are more focused on making sure they have concrete solutions before they go forward. i think it moves it up on the agenda. alix: do you think it falls through because they do not have assets to sell, or is there not enough competition to buy the assets to make good competitors? susie: i think every situation is different and it is what is viewed as a fix. it is too different each deal to make a general comment. alix: you mentioned health care has a lot of room. what other areas? susie: i think chemicals could still consolidate. i think there are probably industrial. i think one interesting place is the convergence of tech and i.t. , which now bridges industrial, bridges health care, bridges consumer. you could see movement in some of those connections. alix: thank you so much. great to get your perspective. congratulations on your ninth conference. also a head of m&a america at morg