Addendum: CLB has been predicting a V-shaped recovery in the global oil market, predicating this forecast on what happened during the 2008-2009 recession. This never rang true, IMO, insofar as each market downturn is different.
I’m surprised that CLB is still talking about a V-shaped recovery in today’s SEC filing (#msg-117335355).
“The efficient-market hypothesis may be the foremost piece of B.S. ever promulgated in any area of human knowledge!”
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