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JPMorgan upgrades Schlumberger, says rising oil prices can boost stock by more than 20%

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An oil rigger from the Schlumberger fields prepares pipelines in Midland Texas, December 16, 2008.

Kirk McKoy | Los Angeles Times | Getty Images

Stock of oilfield services SchlumbergerJPMorgan sees a significant upside in this sector, with oil prices likely to stay elevated over the next several years.

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