Schlumberger, Transocean And More On CNBC's 'Final Trades'

On CNBC’s "Halftime Report Final Trades," Bryn Talkington of Requisite Capital Management picked North Shore Global Uranium Mining ETF URNM. After a strong 2023, it's set up to have a strong 2024, she added.

Joshua Brown of Ritholtz Wealth Management named iShares U.S. Oil & Gas Exploration & Production ETF IEO. The "breakout is real" and all of these stocks are set up for higher highs.

WTI crude oil futures slipped around 0.1% to trade at $85.13 per barrel during Wednesday’s session.

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Jim Lebenthal of Cerity Partners picked Transocean Ltd. RIG.

On April 1, Transocean disclosed a $195 million ultra-Deepwater drillship contract. On Feb. 19, Transocean posted a narrower-than-expected loss for its fourth quarter, while sales missed expectations.

Sarat Sethi, DCLA managing partner named Schlumberger Limited SLB as his final trade.

SLB announced an agreement to acquire ChampionX CHX in an all-stock transaction. Schlumberger will acquire ChampionX, and the shareholders will receive 0.735 shares of Schlumberger in exchange for each ChampionX share. ChampionX shareholders will own approximately 9% of Schlumberger’s common shares once the deal closes.

Price Action:

• North Shore Global Uranium Mining ETF gained 1.3% on Tuesday.
• iShares U.S. Oil & Gas Exploration & Production ETF rose 1.6% during Tuesday’s session.
• Transocean shares rose 3.5% to settle at $6.59 during Tuesday’s session.
• SLB shares fell 1% to settle at $54.68 on Tuesday.

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