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!”