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DewDiligence

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DewDiligence

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Re: birdguy post# 15279

Monday, 08/14/2017 4:05:24 PM

Monday, August 14, 2017 4:05:24 PM

Post# of 29598
Re: CLB dividend

During 1H17, CLB's cash flow from operations was almost exactly the same as dividends paid. So, the company is essentially borrowing money to pay for cap-ex. The dividend should be safe at the current oil price as long as CLB is able to borrow on relatively favorable terms.

If the price of oil goes down a lot and stays down, the dividend would have to be cut, of course.

“The efficient-market hypothesis may be
the foremost piece of B.S. ever promulgated
in any area of human knowledge!”

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